Theft is a Basic peril and included on just about every policy. However, there are many conditions, limits, and exclusions. Jewelry, money, fine arts, watches, coins, among other high value items will be limited. Money and securities is limited to $200 on your standard HO-3. You will also find that manny policies limit theft to “on-premise.” If the item is stolen while at a store or on vacation or anywhere but your home it will not be covered. Depending on the item a police report and/or documentation will be needed for theft claims.