Why doesn’t SquareTrade cover loss and theft?

Why doesn’t SquareTrade cover loss and theft?

A SquareTrade Protection Plan is an extended warranty, not insurance. That means we only cover things that go wrong with your item — not loss or theft. If your item is lost or stolen, you can cancel your plan and get a refund for the time left on it. For info on canceling a plan, go here.

For more coverage details, check out our terms and conditions.