Which statement about Theft Insurance is not true?

Which statement about Theft Insurance is not true?

• A. Theft Insurance is the broadest coverage available
• B. Burglary Insurance will pay even if there is no evidence of force to take the property
• C. Robbery Insurance is usually purchased to cover loss of money, securities, and other valuable property
• D. Safe Burglary must have visible signs of force used to take the property

Answer: (B)

The statement regarding Burglary Insurance is not true because, typically, burglary insurance requires evidence of forced entry. Unlike theft in general, which may cover a range of circumstances, burglary specifically refers to theft that involves breaking and entering. Therefore, the requirement of visible signs of force reflects the nature of burglary coverage, as burly insurance typically covers losses that occur when someone unlawfully enters a building or premises with the intent to commit theft. The other statements regarding Theft Insurance, Robbery Insurance, and Safe Burglary are accurate in describing the different types of insurance coverage and their respective requirements. Theft Insurance often serves as an umbrella term that encompasses different types of theft-related policies, while Robbery Insurance is specifically aimed at losses involving money and valuables, particularly when force or intimidation is involved. Safe Burglary does indeed require signs of forced entry, aligning with the principle that there must be evidence of criminal activity for a claim to be valid.

The statement regarding Burglary Insurance is not true because, typically, burglary insurance requires evidence of forced entry. Unlike theft in general, which may cover a range of circumstances, burglary specifically refers to theft that involves breaking and entering. Therefore, the requirement of visible signs of force reflects the nature of burglary coverage, as burly insurance typically covers losses that occur when someone unlawfully enters a building or premises with the intent to commit theft.

The other statements regarding Theft Insurance, Robbery Insurance, and Safe Burglary are accurate in describing the different types of insurance coverage and their respective requirements. Theft Insurance often serves as an umbrella term that encompasses different types of theft-related policies, while Robbery Insurance is specifically aimed at losses involving money and valuables, particularly when force or intimidation is involved. Safe Burglary does indeed require signs of forced entry, aligning with the principle that there must be evidence of criminal activity for a claim to be valid.