"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?

Answer provided by
Savannah Grabek
Answered on Apr 06, 2021
“Gaming consoles are considered to be electronics, and you may be able to claim yours on your policy. Theft 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. “

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