Which type of insurance coverage is designed to protect against losses caused by criminal acts, such as theft?

Crime insurance is specifically tailored to provide coverage for losses that occur as a result of criminal acts, including theft, burglary, and vandalism. This type of insurance is crucial for individuals and businesses who want to safeguard their assets against financial losses stemming from criminal activities.

Unlike auto insurance, which covers vehicles and their related liabilities, and property insurance, which deals with risks to physical property from various hazards, crime insurance directly addresses the risks associated with criminal behavior. Liability insurance focuses on protecting against claims of negligence or harm caused to others, rather than losses incurred from criminal acts.

Therefore, crime insurance stands out as the dedicated form of coverage aimed specifically at protecting against theft and other criminal losses, making it the appropriate choice in this context.