Investing in a home is a significant decision, which is why it’s essential to protect your property throughout the year. If you’re a homeowner in Portland, Oregon, you may wonder if your existing home insurance policy covers theft and break-ins. Working with an agency like H&R Insurance Group LLC is a way to adequately cover your home from just about any unexpected incident or accident.
What Homeowners Policy Covers Theft While Living in Portland?
If you’re currently in Portland, it’s worth noting that most HO-3 homeowners policies typically cover break-ins and theft. These policies cover the following:
- Damaged windows, locks, and doors that occur during a potential break-in.
- Stolen items from sheds, garages, and outbuildings on your property (some limitations and restrictions may apply).
- Personal property that has been stolen, such as jewelry, electronics, and furniture.
What’s Not Covered in Theft-Related Claims in Portland?
Currently, a standard homeowners’ policy in Portland does not cover the following after a theft incident or break-in:
- Losses due to open access (such as leaving doors unlocked or identifiable neglect)
- Items that were utilized for business purposes (as you may require a business property rider for maximum coverage in your home)
- Stolen financial information, including identification. Identity theft coverage may be recommended when working with your insurance agent.
- Items that are valued above your policy’s limit (without a scheduled personal property endorsement in place). This may vary based on your specific needs.
Protecting your home from theft and break-ins while living in Portland, OR, does not have to feel challenging. With the help of the right agency by your side, obtaining add-ons and ensuring existing policies are adequate is much easier. For more information regarding your existing policy, contact H & R Insurance Group LLC today.
