Question

Which type of insurance is taken to cover the loss incurred by house-breaking?

Hint:

Burglary Insurance = protection against theft with forced entry or exit.

Answer 1

Insurance policies are designed to protect against different types of risks and losses.
When it comes to loss due to house-breaking or theft, the policy specifically meant for this purpose is called Burglary Insurance.
Burglary insurance covers loss or damage to property caused by theft involving forcible and violent entry or exit.
This insurance is commonly taken by households, shops, godowns, and business premises to safeguard against burglary and theft.
The policy usually covers movable assets like cash, stock, equipment, and valuable goods stored inside the premises.
Therefore, if an insured person suffers a loss due to house-breaking, they can claim compensation under a Burglary Insurance policy.