Probably. Most companies offer personal property coverage as part of their homeowners packages. However, there are several things you must take into consideration when filing a claim.
1) If you are a mechanic or repairman, and the refrigerant could be considered a professional item, then there may be caps on the limits of coverage your policy provides. Check your policy or ask your agent about limits to your personal property under your policy before filing the claim (I will explain why later).
2) Determine if your loss exceeds your deductible on your policy. If the value of the refrigerant is less than your deductible, then it makes no sense to make the claim.
3) Find out how much you will be surcharged on subsequent renewals of your insurance policy if you report the loss to the insurance company. In order to determine if your potential claim has a valid financial basis. Let me give you an example...lets say you pay $800/year for your homeowners policy, have a $500 deductible and have a $1000 loss. Of course, if you report the loss and file the claim, you will be reimbursed $500, but over the course of the next three years you may see a 30% annual premium increase. That means you will pay an additional $720 over the next three years for a $500 reimbursement - just doesn't make sense.
Now for the final caveat. Try to get the information necessary to make your decision without actually 'reporting' the loss to the company. You see, under most personal lines policies you cannot be surcharged for the actual claim, but because it is a statistical fact that someone who suffers a loss has an increased probability of having another loss in the next three years, they can surcharge you for the loss REGARDLESS OF THE VALUE OF THE CLAIM.
In other words, if you report the loss to the company they can legally surcharge you for future renewals even if they have paid out nothing toward the loss (known in the industry as a zero-dollar claim) because of this statistical probability.
I hope this answered your question, and good luck.
Homeowners insurance does not cover automobile nor there parts.
No.
No. Homeowners Insurance does not cover auto theft from a business.
Homeowners insurance and Auto TheftNo. Homeowners Insurance does not provide coverage for Automobiles. You will need to file that with your Auto Insurance company if you have comprehensive Auto Coverage.More sNO. That would be something that auto insurance would cover if you had full coverage including theft. Homeowners, does not cover motorized vehicles, except in specific cases.
No, homeowners insurance is Property Insurance, it does not cover loses or damages resulting from our choice of pet ownership.
Most homeowner's insurance policies will cover fire and theft. Individual companies and policies will vary, so be sure you check with your insurance agent to verify if yours does.
It depends, You do no mention what type of vehicle. Homeowners insurance polices will not cover damage or theft of a motor vehicle designed for use on public roads.
Yes, but usually not much, maybe $200.
There would have to be evidence of breaking and entering of some kind for the theft to be covered.
No. A homeowners insurance policy is specific to the property of the named insured.
Some homeowners may pay for theft for those staying in their home. Many homeowners insurance policies cover theft inside the home and the policy can be used to replace stolen items.
Fire, wind, and theft are a few of what I believe is to be 26 of the named perils on a home insurance policy.