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Before you set up some Home Alone-style booby traps to protect your future purchases, remember that you’ve got a few other avenues to explore.

Retailers and shipping companies aren’t required by law to give you a refund if the package was delivered properly — but some have more Christmas cheer than others, so it’s worth asking.

If you used plastic to make the purchase, that could come with theft protection of its own. A good credit card might offer you coverage of up to $500 per claim, for example.

However, credit card purchase protection is often considered “secondary coverage,” so it may only take effect after you've exhausted your home insurance.

Stop overpaying for home insurance

Home insurance is an essential expense – one that can often be pricey. You can lower your monthly recurring expenses by finding a more economical alternative for home insurance.

Officialhomeinsurance can help you do just that. Their online marketplace of vetted home insurance providers allows you to quickly shop around for rates from the country’s top insurance companies, and ensure you’re paying the lowest price possible for your home insurance.

Explore better rates

Pull out your policy

Standard home insurance policies typically provide you with at least partial coverage for your belongings, both inside and outside your home. That can include items stolen from your car, your hotel room and, yes, your front porch.

Keep in mind that any items you claim will need to be worth more than your deductible. Ritzy jewelry or the latest electronics could fit the bill.

They’ll also need to be expensive enough to be worth risking a hike to your premium.

If your insurer denies your claim or jacks up your rates, that could be the prompt you need to find a better, cheaper provider. Some policies also have higher limits for stolen items, so it pays to compare.

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About the Author

Sigrid Forberg

Sigrid Forberg

Associate Editor

Sigrid’s is Moneywise.com's associate editor, and she has also worked as a reporter and staff writer on the Moneywise team.

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The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.