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you woke up early in the morning Cyber Monday To get that amazing deal laptop You’ve been wanting to for months. Today when you are at work the computer comes on, and when you get the notification that your computer has shut down you clench your fist package Has been distributed. Yet when you get home, your package is gone, gone in the evening, hidden under the arm of a “porch pirate.”
Porch theft has become a major problem – more than 100 million packages have been stolen this year, according to the security firm safely – He MPs Are taking action. This week, New Jersey Congressman Josh Gottheimer, Proposed Porch Pirate Act,
“There’s a literal Grinch who roams the neighborhood, stealing Christmas gifts and essentials from grandparents and children — right from their own front porch when a package arrives,” Gottheimer said in a statement. “We can’t let the holidays be taken away from us by a bunch of porch pirates in broad daylight.”
Although Outlook for the package Theft Somewhat bleak, there is a possibility of salvation through an affordable protection plan: renters insurance,
The average renters insurance policy offers coverage for stolen packages, but only 20 percent of renters actually have it, according to GEICO Estimate. If you already have a policy or are planning to purchase one, it helps to ask a few questions before filing a porch theft claim.
Is the package price more or less than your deductible amount?
Deductibles on renters’ policies can range from $250 to more than $2,000, depending on progressive,
Your deductible amount serves as an out-of-pocket cost you pay to file a claim for a covered incident like porch theft. In some cases, you pay it upfront, and in other cases, your insurer deducts your deductible from your claim payment.
The important thing to understand is that filing a renters insurance claim – which can increase your premiums – is usually only worth it if the value of the item stolen from your door exceeds your deductible.
For example, if your deductible is $500, it may not make sense to file a claim for a $350 vacuum cleaner that was stolen from your stoop. You will have to pay more than the original price of the item.
What are your policy’s coverage limits and restrictions?
Every insurance policy has a set of rules about what is and isn’t covered, as well as how much coverage you can get. These specifics may vary from insurer to insurer and may fluctuate depending on the type of protection you have on your home or apartment; If you are living alone or with roommates; If you have pets; And if you keep valuable things like jewelery or bike in your house.
Generally speaking, the main limitation you need to consider when getting protection from porch pirates is personal property coverage. This is the feature of your policy that will reimburse you if you lose your personal property in theft, fire, or other covered scenarios.
A renters policy may include a $50,000 personal property limit – meaning your policy will pay a maximum of $50,000 for a covered incident. In most cases, your insurer will allow you to adjust your coverage amount during the application process, which can range from $10,000 to $100,000.
Can you wait for at least a month to get your claim paid?
Holidays can increase financial constraints. A package stolen from your door only adds to the financial burden. However, depending on the insurance marketplace, renters policy claims can take a month or more nice coverWhich means that any money you spent on the contents of the stolen package will likely not be returned for weeks.
So if you need the money spent on your package, renters insurance may not be suitable.
Renters Insurance Options
While renters insurance is the most straightforward way to resolve a porch theft incident, there are other ways to get compensation for stolen items.
retailer return process
Some retailers may allow you to get a refund if thieves swiped yours. DistributionFor example, Amazon offers its customers the option to request a refund specifically for packages that are stolen from their porch,
porch theft insurance
A handful of companies offer specific insurance coverage for porch theft. Porchpulse There is such a company. For $10 per month, PorchPulse will cover pirated purchases made with a linked card. Like renters insurance policies, it’s important to know the coverage limits. In this case, PorchPulse limits you to three claims per year, and reimburses a maximum of $2,000 per package.
credit card insurance
Some credit cards offer purchase protection for items you purchase with your credit card. For example, a card may offer insurance for purchases against various perils, including theft. However, certain items such as living things, antiques, collectibles and motorized vehicles are not covered under it.
Because purchase protection has significant limits and can vary from card to card, it is important to look at your card’s terms and conditions or contact the card issuer to clarify if and what types of purchases are covered.
consignor’s claim
The shipping company that delivered your package may have a claim form that you can file to recoup some or all of the costs of your stolen delivery. FedEx,For example, it offers a claim form specifically for stolen packages. If you have the option of choosing your own shipper, consider adding any available insurance options (provided they cover porch theft).