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Theft Insurance

With this guarantee, the insurance company undertakes to indemnify the insured for damages suffered as a result of the disappearance, destruction or deterioration of the insured objects due to robbery (or attempted robbery).

This is a specific product offered by the insurance companies within some types of insurance, such as home, commercial or business insurance; travel insurance, car, motorbike and other vehicle insurance, and community insurance.

In each case, the insurance against robbery will be subject to particular conditions that are agreed in the contract, and the indemnities will depend on the insured sums in each claim. It is very important to find out what elements of the interior it covers; for example, if, in addition to robbery, it includes theft (i.e., no intimidation and without picking the lock). Keep in mind the fact that insurers generally understand robbery as being the illegitimate seizure of the insured property involving force or violence.

The Law on Insurance Contracts, in its articles 50, 51, 52 and 53, third section, regulates robbery insurance and details the compensable guarantees for insured damages when an object is illegitimately stolen by third parties.