0
Does homeowner's insurance cover items stolen if they belong to someone else?
Wiki User
∙ 16y ago
Possibly.
The policy covers your brother and all other "insureds" in his household. The answer to this question lies in determining whether or not you are an insured on his policy. The definition of an insured is under Section I, Definitions.
If you live with your brother, or if you are a minor (or college student) that he is responsible for, the answer is most likely yes.
Another situation in which your property could be covered under his policy is if you were visiting him, and during the visit his home was broken into. In that situation, your brother could choose to have your belongings replaced while he is having his replaced.
The first thing to do is to determine whether or not you are an insured. Next, the two of you should discuss if the value of the stolen property will be worth filing the claim. For example, if you had $750 of property stolen and your brother's policy has a $500 deductible, he may not want a $250 theft claim on his claims history report.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Does homeowners insurance cover anything stolen on your property even if you are not the owner of the stolen items and they are not related to you?
Yes, If your plan embodies that kind of coverage. If personal property is located on the premises, then the insurance should cover it, regardless of who it belongs to (within reason). However, it is difficult to prove exactly what a homeowner had or did not have on their property at any given time. With that being said, insuarnce companies seem to be very cautious when accepting liability. It is often not worth claiming such a loss, unleess it is very significant, and is typical for a home to have (like a jewelry box). Often, homeowners will not report losses unless they are very significant, due to the deductable they may have to pay and/or the risk of their insurance premium increasing from their claim. **I am not an expert by any means, so calling the insurance company that holds the policy will provide you with an accurate explanation.
When a lessee sells leased equipment to a third party the lessor cannot under any circumstances recover the equipment from the buyer?
Wrong. If the lessee sells equipment to someone else that does not belong to him then it becomes stolen equipment. Then the buyer is in possession of stolen equipment. If the buyer knows or should know that the equipment is stolen, he is committing a felony. It is punishable by time in prison. The material is returned to the original owner.
Why would an owner choose to buy business equipment insurance?
When someone owns a business, they often take the chance of their equipment being damaged, stolen, or breaking down. Business owners often times do not have the means to pay for new or fixed equipment out of pocket, this is why it is important for business owners to demonstrate an appropriate level of financial responsibility.
What is another word for ripped off?
fooled or stolen from me.
How do you go after someone who has stolen your business idea?
if you had your business idea copyrighted or trademarked there are ways to get around that as far as going to a lawyer and such, but since you are asking I'm assuming you don't have it copyrighted or trademarked in which case, the only thing you can really do is start your own business of the same thing and blow their business out of the water, unless you have some kind of other proof that you came up with that business idea...like if it is completely original. sorry
Does homeowners insurance in Washington state cover anything stolen on your property even even if it does not belong to you?
No. Your homeowners insurance coverage is specific to the named insured(s). It does not cover the property of another.
Does your homeowners insurance cover a stolen utility trailer?
Juat had one stolen and was told no by homeowners policy :(
Car stolen from business can you file on homeowners insurance?
No. Homeowners Insurance does not cover auto theft from a business.
Does homeowners insurance cover stolen motorcycles?
Homeowner's insurance WILL NOT cover stolen motorcycles. Motorcycles is an automobile. Sorry!
Does homeowners insurance cover a vehicle stolen off your property?
No, That's what Auto Insurance is for.
Does homeowners insurance cover stolen dirt bikes?
You would have to have insurance on the dirt bike.
Does homeowners insurance cover stolen items at college?
If you have off premise coverage on your policy and the stolen items were scheduled on your homeowners insurance policy then Yes, you should be covered for those items. Contact your insurance agent for clarification of your insurance coverage.
Is your laptop covered under homeowners insurance if stolen?
no, you have to get laptop cover
If someone totals your new uninsured snowmobile will his homeowners insurance cover it?
No. The exception would be, if for instance the snowmobile was stolen off the person's property.
Does homeowners insurance cover your stolen moped if it was in your yard?
No, You would need cycle insurance for your moped. Homeowners insurance does not provide coverage for vehicles that are designed to operate on public roads.
How does homeowners insurance work when stolen items are recovered?
Once the insurance company has paid the claim for stolen items they become the legal owners of the items.
Does homeowners insurance cover car stereo equipment bein stored in a garage that is not in the vehicle that has been stolen?
Homeowners insurance does not cover automobiles nor there parts.
