Broad Form Personal Theft Insurance


DEFINITION of 'Broad Form Personal Theft Insurance'

Insurance coverage to protect personal assets. Broad form personal theft insurance coverage can be placed on all personal property, and is on an all risk basis meaning no matter whether the loss is from vandalism, theft, loss etc. the same coverage will apply. A limited form of broad form insurance is more commonly known as personal theft insurance.

BREAKING DOWN 'Broad Form Personal Theft Insurance'

There are limitations on the coverage of personal assets which are most often subject to theft such as jewelry, coins and securities, among others. Personal assets insurance is commonly included in homeowners and auto insurance, however, additional insurance may be purchased.

  1. Broad Form Insurance

    Insurance coverage that extends beyond the basics to include ...
  2. Asset

    1. A resource with economic value that an individual, corporation ...
  3. Whole Life Insurance Policy

    A life insurance contract with level premiums that has both an ...
  4. Premium

    1. The total cost of an option. 2. The difference between the ...
  5. Insurance

    A contract (policy) in which an individual or entity receives ...
  6. Personal Property

    A type of property which, in its most general definition, can ...
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