What does off premises theft coverage mean?

Off-premises theft coverage is an insurance provision that protects against the loss of property due to theft when it occurs outside the insured's primary location, such as a business or home. This type of coverage typically applies to items that are temporarily taken off-site, like inventory at a trade show or equipment used at a job site. It ensures that the insured is financially protected against losses that happen away from their main premises. Coverage specifics, including limits and exclusions, can vary by policy, so it's important to review the terms.