Theft Coverage
Our GNP Mexico homeowners insurance policy offers theft coverage for home furnishings and other household contents.
What is Theft Coverage?
Jewelry and fine art items are covered, with values up to $1,000 USD each, with a coverage limit of $250,000. For high value items over $1,000 USD, a special coverage endorsement must be approved by the policy underwriters, and an additional premium needs to be paid by the insured. Submitting a special request to the underwriters is easy with our online application.
To keep the cost of coverage down, most people do not insure each and every one of their possessions against theft, but instead just the items that they feel would more likely be stolen if a break in occurred. Since burglars tend to target higher value items like electronics, jewelry, appliances, etc., this is what most people tend to insure against theft.
GNP’s theft coverage policy only applies to items contained inside the insured dwelling and doesn’t apply to items that are left outside.
Deductibles
The minimum deductible for theft coverage is $500 USD and the maximum is $20,000. Although, higher deductible amounts are available. We usually recommend our customers select the minimum amount, to help maintain a smaller out of pocket expense, and thereby make the theft coverage more useful.
Claims
For any theft claim, the insurance adjuster would need to verify that the insured property shows visible signs of forced entry. A police report is also always required to file any theft claim.
Exclusions
GNP’s theft coverage policy only applies to items contained inside the insured dwelling and doesn’t apply to items that are left outside.
The policy excludes theft coverage for solar panels. However, battery banks, power inverters, electrical wiring, and other equipment, typically used in a solar powered home setups, are all typically still eligible for theft coverage.
Requests for exceptions may be manually submitted to the underwriters through our online form.