Your Renters and Homeowners Insurance Can Cover Theft Outside Your Home
Renter insurance gives you great compensation for your money. For example, you might be surprised to learn that most of the rules apply to items stolen outside your home. This is called “outdoor coverage,” and many homeowner policies include it.
Forbes employee Barbara Marquand lists several amazing benefits of renter insurance . Most policies cover incidents such as dog bites or even property damage outside the home. Your belongings are also protected, and according to Marquand, this applies even if your belongings are stolen outside your home:
Your belongings are also protected from the hazards listed in the policy. So you are insured if a thief steals things from your car or pulls your luggage out of your hotel room. This “outside” coverage is usually limited to a fraction of your total personal item coverage, such as 10%.
Many homeowner’s insurance policies also include this coverage, so if your belongings are stolen while traveling, it is worth looking into your policy. For more details please follow the link below.