Aaron’s Stolen Property Policy Detailed: Theft Coverage, Payments, etc

A living room decorated with a couch, end table, blanket, pillows, etc.

Short Answer

In the event of theft, Aaron’s official policy is that you must continue paying for any purchases until you’ve fulfilled your lease-purchase agreement. The Aaron’s Club program or your own homeowner’s or renter’s insurance may help you cover the loss.

Aaron’s Stolen Property Policy

If an item you’re leasing from Aaron’s is stolen, you’ll need to continue making payments on the item, customer service representatives said.

There are a few steps you can take to cover your payments. If you have homeowner’s insurance or renter’s insurance, you can make a claim on a stolen lease-to-own item, the representative said.

Though you don’t technically own the item until after you’ve made the final payment, most homeowner’s and renter’s insurance policies will cover leased goods.

Aaron’s also offers some protection benefits through Aaron’s Club. The program allows for payment waivers under various circumstances (such as unemployment) and also covers product protection in case of fire and smoke damage, damage from severe weather conditions, or theft.

Keep in mind, Aaron’s Club only covers stolen merchandise if it was removed from a secure, locked building with visible evidence of forced entry, according to Aaron’s Club FAQ. A police report can help you prove these conditions. Aaron’s Club membership costs about $10 per month, plus tax.

For more information about Aaron’s and other lease-to-own stores, see our research on the Aaron’s damage policy, how Aaron’s compares to Rent-A-Center, and other places like Rent-A-Center.

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