Ace the 2026 Property and Casualty Challenge – Insure Your Success!

The definition of theft in insurance terms encompasses a broad range of unlawful activities involving the taking of someone else's property without permission. This includes various forms of taking property, such as robbery, which involves force or intimidation, and burglary, which involves breaking into a building with the intent to commit theft. By recognizing that theft includes these different methods, insurance policies can provide coverage for losses that occur as a result of such crimes. This comprehensive understanding helps in assessing claims related to theft and determining the applicable coverage under insurance policies.

The other definitions are narrower and do not encompass the full scope of what theft can imply in terms of insurance coverage. For instance, the first option is limited to breaking and entering, while the third involves consent, which is the opposite of theft. The last option restricts theft to business contexts, which does not align with the general definition that applies to both personal and commercial contexts.