"Will home insurance cover a gaming console that was stolen from my place?
"
I let my brother and his buddies hang out at my place while I was away. Big mistake. One of these guys stole my Xbox, but I'm not sure which one is the thief. Will my home insurance bail me out?
is a standard loss that is covered by most property policies. You will, however, want to double-check your deductible to see if it is worth it to claim your gaming console on your insurance.
Most of the newer consoles have a retail price of $300 to $500 (and even if you paid more, the insurance company would most likely pay out the retail price that you can buy the console for today). If you have a $500 deductible, you will not see a return from this loss. If you did have other items stolen from your home and the total loss was greater than your deductible, then it would be worth making a claim on your insurance.
“
View full answer
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.