“On most home insurance policies, there is a specific limit to how much they will pay out for stolen money. This limit usually falls from $200 to $1,000.
Because this contractor did not do any work to the home and just stole the money, typically your home insurance will not pay out beyond the limit. If the contractor had done some damage to the home, you might be able to claim the damage, but your insurance carrier would not cover poor workmanship.