A 2019 FedEx study showed that over a quarter of Canadians polled had experienced package theft. And with the enormous rise in popularity online shopping has had, we can all expect that number to go up because of how easy porch piracy is to pull off.
Home insurance can provide relief for victims of porch piracy
While the “personal property” section of your homeowner’s insurance covers what you have in your home, the “off premise” (OP) section covers thefts outside your home. This includes items stolen out of your parked car, valuables snatched out of your bag and, in this case, deliveries plucked from your doorstep.
Additionally, an OP theft rider protects anyone listed under your policy (like your spouse and children).
In a case of porch piracy, what’s actually covered?
The standard amount covered for porch piracy is 10 percent of your personal property coverage. This means the maximum payout for stolen goods is lower if it happens outside the home – but, in all fairness, these thefts tend to be only a few items compared to the full contents of a house.
You may not be able to retrieve the full amount if something particularly expensive is stolen by a porch pirate. So, if you’re expecting a high-value item that’s small enough to steal, check if the price exceeds your maximum coverage. If it does, consider getting additional shipping insurance from the delivery service.