A: There is coverage for this loss as theft is one of the named perils. Perils are specific loss types that apply to personal property (Personal property are your belongings - anything that you would take with you if you moved to another home). Theft of personal computers is subject to a special policy limit (typically $8,000). If the laptop is damaged in some other way, it would need to be one of the other named perils in order for coverage to apply. The theft would also need to be from the customer’s primary residence as the homeowner’s policy would cover the laptop at 10% of the limit or $1000 (whichever is less) if the personal property limit occurred away from the premises.
Written by HippoUpdated over a week ago