Vandalism & Theft
Definition:
Damage or loss caused by intentional destruction or stealing of property.
Explanation:
Most homeowners policies cover vandalism and theft, though vacant properties are often excluded. Coverage may also have sub-limits.
Example:
If burglars break into your home and steal electronics, your policy pays for repairs and replacement up to the limits.
Why it matters:
This term affects how claims are handled and what payout a homeowner may receive.