Danny Venz - State Farm Insurance State Farm Insurance $6400 Stolen From Trunk - Danny Venz Pays $250 Back to Consumer Dallas, Texas

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You need to know what coverage you are purchasing.  Business property is covered under a personal homeowners policy, which is what you are referring to, with built in limits including $250 max off premise, or outside the home.

If you want coverage for business equipment, you would cover it under a business insurance policy.  Did you write a business policy?  Reading the note, it sounds you expected homeowners insurance to cover it.  It is clearly stated that the amount of business property coverage under a personal homweowners policy is limited. 

Did you ask for a quote on your business at the time you wrote the policies?

I suggest that you should have and in the future, read all policies you purchase. Talk to your agent, and ask specific questions. Be honest in answering all questions asked when getting a quote, and then there will be no misunderstanding as to what you really "bought, and paid for".

In this case, it seems that your homeowners' policy has a limit as to how much business property is covered away from your premises. Business Property from a trunk of one of your employee's cars getting stolen off premises does fall under that limit. You should have made a claim under your business insurance policy and that should have been covered to a greater extent, subject to your deductible.

I have over 20 years of experience in insurance and financial services, and am making this suggestion in case you did have a business insurance policy in place at the time of that loss. If not, you may consider purchasing a policy to cover your business assets. A 800 number cannot take the place of a real humanbeing, who you can look in the eye and ask questions. I recommend a dedicated agent for all your insurance needs. Cheaper always does not mean "BETTER".

NSK