Claim Description: Theft of copper wiring and tubing.  Thieves accessed the roof of the customer’s building where their air conditioning systems are mounted.   The thieves stripped the units of the copper components.

Client’s Coverage: Broad Form Property with a $5,000 deductible.

Payment included the replacement and installation of new air conditioning units.

Total Claim Payment: $ 60,907.50

Risk Management: Many theft exposures can be reduced by installing adequate lighting, installing alarm or monitoring systems, and maintaining regular activity on the premises.

Note: All the details listed above are taken from an actual claim. Coverage, limits and deductibles vary from policy to policy. Insurance policies may also vary by insurance company, province and state. In all cases, an insurance policy wording is the contract which takes precedence over any other information outlining insurance coverage. Some details may be omitted to protect the identity of our client.