Which type of theft claims are excluded under comprehensive coverage that are included in All Perils?

Which type of theft claims are excluded under comprehensive coverage that are included in All Perils?

• A. Theft by a stranger
• B. Theft by the insured's household member
• C. Theft from a public parking lot
• D. Theft while the vehicle is in storage

Answer: (B)

Comprehensive coverage typically excludes theft claims that occur due to the actions of individuals who are part of the insured's household. This means that if a household member is responsible for the theft, the claim would not be covered under comprehensive insurance. In contrast, All Perils coverage includes protection for theft regardless of whether the theft is committed by a stranger or by someone from within the household, thus providing broader protection. Understanding the distinctions in coverage types is crucial for policyholders. Comprehensive coverage is more limited, focusing on theft by external parties, while All Perils coverage includes scenarios that comprehensive does not. This helps individuals make informed decisions about the type of insurance they select based on their risk preferences and needs.

Comprehensive coverage typically excludes theft claims that occur due to the actions of individuals who are part of the insured's household. This means that if a household member is responsible for the theft, the claim would not be covered under comprehensive insurance. In contrast, All Perils coverage includes protection for theft regardless of whether the theft is committed by a stranger or by someone from within the household, thus providing broader protection.

Understanding the distinctions in coverage types is crucial for policyholders. Comprehensive coverage is more limited, focusing on theft by external parties, while All Perils coverage includes scenarios that comprehensive does not. This helps individuals make informed decisions about the type of insurance they select based on their risk preferences and needs.