A-Rod had $500,000 worth of stuff stolen from a rental car—here's how to know what your insurance covers. (via CNBCMakeIt)
"Comprehensive auto insurance would cover any damage due to a break-in, like smashed windows or broken door locks, but not the items inside."
That said, "If you have renters or homeowners insurance, your personal property can be covered in a theft, even if it is stolen from your car," he adds.Renters and homeowners insurance protect you if your personal property is damaged by something like a fire or storm. It also kicks in if your belongings are stolen, even if the theft happens outside of your home or apartment — in a rental car, for example.
If you have renters or homeowners insurance, your personal property can be covered in a theft, even if it is stolen from your car.You'll want to look at the details of your plan to see exactly what's covered. Standard plans normally cover belongings like furniture and electronics, but they may not cover expensive valuables like artwork or nice jewelry. You might need to get additional coverage — or, what's calledIt's also good to know what your deductible is.
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