Does renters insurance cover theft of cash?

If you are a renter of an apartment, condo or house, you are responsible for securing valuables. However, that doesn’t mean a burglar is going to have to pay for your stolen money. Most renters insurance doesn’t cover the loss of cash or other items (such as jewelry). There are some circumstances where this does apply though, such as if you leave a sum of money in a safe with your renter.

Does renters insurance cover theft of cash and jewelry?

Although renters insurance does not cover theft of cash, stolen cash is covered under your personal insurance policy. The same is true for jewelry. Depending on the policy, there may be a limit on how much you can claim, or if it’s even covered at all. If a room is burglarized and stolen jewelry is taken, it may not be covered. However, if an employee steals cash off the premises and you report it, you likely won’t be responsible for the loss

Does renters insurance cover theft of cash and personal papers?

Homeowners insurance covers personal property in your home, such as furniture, electronics, jewelry, clothing, and other valuables, as well as your car if it's parked at your home. But renters insurance doesn't cover everything that might happen to it while it's in your care. If you walk out with a bunch of cash for the weekend, or your laptop, burglars aren't going to be stopped by your renter insurance.

Does renters insurance cover theft of money?

Depending on your policy, your renter’s insurance may cover some or all of your valuables if they’re stolen. But not all renters insurance policies cover theft of cash. So before you assume that your renters insurance will cover a stolen cash deposit, make sure to check your policy to confirm. If you’re wondering whether renters insurance covers cash, then we recommend checking with a licensed insurance professional to get a definitive answer.

Does renters insurance cover theft of cash inside home?

It depends on what is stolen. If someone steals a TV, some personal items, or other valuables, generally speaking, your renters insurance policy will cover these. However, if someone steals money, probably not. At least not without a certain clause in your policy. Different insurers have different policies regarding what is covered. Generally speaking, however, if you have a theft of cash or cash equivalents (such as a bank account or credit card balance), this is generally not covered by renters insurance.