What does the theft coverage in property insurance generally include?

The theft coverage in property insurance typically encompasses both business and personal property. This dual coverage is essential because individuals and businesses alike possess assets that can be vulnerable to theft. Business property may include tools, equipment, inventory, and other valuable items that are critical for operations. In contrast, personal property can involve household goods, electronics, jewelry, and other personal items.

By providing coverage for both categories, the insurance policy offers comprehensive protection, addressing the losses that may arise from theft across different aspects of a policyholder's assets. This inclusivity ensures that whether an individual is claiming loss from personal items or a business is filing for stolen equipment, the policy responds to both types of coverage needs, thus reflecting the broad protection that policyholders typically seek in securing their property against theft.