In this video Mukesh Mohan Gupta has explained Burglary Insurance in detail. Many a times it is difficult to select the best insurance company and the best insurance policy without comparing all the policies of all insurance companies.

PolicyBazaar is assisting in many ways to take a logical decision for selection of the best insurance policy and the insurance company. You may avail the services of PolicyBazaar at the below link:
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This video is based on a recent experience of Mr Gupta wherein he come across a case where the stock of one of my known business owner was stolen and the burglary insurance policy was expired and the same was not renewed, due to cumbersome process of selecting the insurance company, selection of proper policy, getting the premium cost and other conditions of all the insurance companies. This one incidence lead to almost close of his business. The crime rate is increasing and getting your house or your office burgled may be a lifetime loss.

Policy Bazaar is helping in the following ways:-
i. Compare all Insurance Companies,
ii. Details of all policies of all companies,
iii. Information of the lowest premium for the policy required,
iv. No need to contact different insurance agents,
v. Complete information is available online which can be used sitting under comfort at the house/ office 24 x 7,
vi. Online purchase facility for the policy,
vii. There are experienced sales advisors duly verified by Policy Bazar available on the portal.

Meaning of Burglary Insurance:
A burglary insurance policy covers losses resulting from burglary. Burglary means when someone uses force to unlawfully enter someone else's property - even if they did not steal anything in the end. The motive of subscribing a burglary insurance is to risk proof the insured premises from a forceful or violent attempt to theft.

Beneficiaries of the Burglary Insurance can be as follows:
Homeowners, Tenants and Business organisations to cover the financial loss suffered due to burglary

Benefit of Burglary Insurance:
Financial backing in case if there is any loss/damage caused to the insured property.

Types of Burglary Insurance:
1. Money in Transit Policy
2. Business Premises Policy:
i. Full Value Basis
ii. First Loss Basis.
3. Cash-in-safe Policy,
4. Coverage for Jewellery and Valuables Policy / All Risk Policy,
5. Dwelling Insura

Broad Categories of Assets covered under Burglary Insurance-
• Cash and valuables
• Home appliances
• Electronic gadgets
• Money in transit
• Cash stored in safe
• Stock in trade
• Business assets
• Plants and equipment used in the factory or business premises
• Jewellery, etc.

Some insurance policies cover only burglary while others can cover theft and/or robbery. So, you should know how these terms differ from one another and check whether the policy allows coverage for all three terms or for some of them.

Documents required for buying the Burglary Policy
1. Policy proposal form duly filed and signed
2. Photograph, Identity Proof and residential proof
3. Ownership documents of the proposed property/goods including invoice
4. Photographs and description of the proposed property/goods
5. Valuation report of the property (depends on the nature of insurance)

Things to remember when buying burglary insurance
1. Ensure that all possible assets which face a risk of theft are covered under the burglary insurance policy
2. Compare the available policies before buying
3. Check whether the policy covers only burglary, theft or both
4. The sum insured should be sufficient enough to cover the loss that you suffer.
5. The premium of burglary insurance policy can be reduced. Use the available ways to reduce the premium so that the policy becomes affordable

Steps to recognise the claim
1. Filing of FIR,
2. Inform Insurance Company Immediately,
3. Documentary Evidence of Forced Entry,
4. Proof of Ownership.

Details required at the time of intimating the claim
• Date and Time of Burglary,
• Location of loss,
• FIR/ Police Report,
• Photographs of the incident,
• Documentary evidence about the value of property stolen through invoice, bill, books of account,

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