Theft Insurance and Risks

Theft Insurance Compensation

Theft insurance covers the situation where movable property is taken from its owner without permission or by force. Theft insurance compensation is the payment for the damage suffered by the goods and items listed in the policy as a result of theft.

Types of Theft Insurance

Because theft incidents vary, there isn't just one type of theft insurance policy. The different types of theft insurance policies cover various types of theft incidents:

• Safe burglary: This refers to securing money and valuables kept in a safe against theft. Theft committed using a safe key or combination is not covered by theft insurance
• Embezzlement insurance: This type of insurance is frequently preferred by businesses such as currency exchange offices, jewelers, and banks.
• Money transport: This involves insuring against accidents, theft, or loss that may occur while transporting money or similar items. Situations such as forced seizure at gunpoint, loss during transport, or vehicle accidents during transport are covered by theft insurance.

Theft Insurance and Risks

Theft insurance covers all risks, but compensation is only paid for damages arising from the situations specified in the policy. Situations covered by theft insurance:

• Theft, loss, and unlawful use of tools through unlocking processes
• Thefts committed by knocking over, drilling, burning, or breaking
• Wounding, killing, violence, or theft by force
• Thefts committed by hiding fuses in areas where they are not allowed to be found

to theft insurance compensation . All damages and losses resulting from theft are covered by the insurance company.

Theft Insurance Coverage Payment

In order for the insurance company to make a payment after a theft, the relevant authorities must be notified. The police or gendarmerie should prepare a report on the incident, and then the insurance company should be informed.

If necessary, additional policies are submitted to the insurance company, and the relevant authorities are asked to work on locating the stolen or damaged insured items. For insured parts, the authorities must be notified within 30 days to locate the stolen items.

Next, it is necessary to apply in writing to the insurance company for payment of the insured value of the products. Depending on the documents and information indicating the occurrence of the risk, the theft insurance compensation must be paid within 30 days, although the timeframe may vary. While a theft insurance lawyer monitors the process, they have the right to file a lawsuit if the relevant individuals or institutions fail to pay the insured value. Attorney Ferhat Kule the theft insurance compensation cases and will work to ensure that the victim's losses are compensated by filing a lawsuit in cases that violate the policy.