Robbery Insurance

What Does Robbery Insurance Mean?

Robbery insurance protects against loss or damage to property caused by coercion, violence, or threats of violence.

Robbery, along with theft and burglary, is typically included in standard personal and commercial property insurance policies. However, some specific types of robbery may require additional coverage as a specified peril or through a separate insurance policy.

Insuranceopedia Explains Robbery Insurance

Insurance for both commercial properties and residential buildings often includes coverage for man-made perils such as theft, burglary, and robbery. When such an incident occurs, the insurer is notified, and an investigation is conducted to rule out foul play before processing the claim.

However, certain types of robbery may be excluded from a property insurance policy or only partially covered. In such cases, the policyholder can add a rider or purchase a separate policy to obtain the necessary coverage.

For example, messenger robbery insurance can provide coverage for losses or damages to goods that are forcibly taken from an employee while they are off the insured property.