Insurance 101 – Chapter 4 – Volume 24 -Mysterious Disappearance v. Theft

Mysterious Disappearance v. Theft

“Theft” is very different from “mysterious disappearance” despite the fact that a loss of property results from either. Theft has generally been interpreted as any wrongful appropriation of another’s property to the use of the taker. Courts are generally in accord in defining theft as including “a taking by fraudulent conduct under circumstances which evidence an intent to steal.” Evidence that establishes a mysterious disappearance is not sufficient for the insured to carry the burden of proving theft.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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