Is it standard in a robbery for the homeowner’s insurance to waive your deductible?

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Jan 12, 2012

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Insurance Question from Ionia, MI

Asked on 01/12/2012

Is it standard in a robbery for the homeowner’s insurance to waive your deductible? Example: home robbed of items with a value of $1000. If the policy holder has a deductible of $500 does the insurance reimburse the total value of $1000 or $500? My friend argues that because a robbery is different than a fire, wind, etc. that there is no deductible even if the policy has a $500 deductible. Inquiring minds want to know!

Answer given on January 13, 2012

Take out your home insurance policy.  Review the section that list causes of loss. It will say under theft if you subject to your deductible. Normally theft would incur a dedcutible.  Some insurance companies have a separate deductible for theft.  Others state you would incur the same deductible as stated on the policy.  One exception to this is if the items stolen were jewerly items that were schedule on a special protection property floater.  Most items scheduled on a floater do not incur a deductible for theft.  Hope this clears up your confusion.     


IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and FreeAdvice.com AS IS. It has not necessarily been reviewed by the management staff of FreeAdvice.com nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although FreeAdvice.com has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on AttorneyPages.com to represent you.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption