Yes and no. They get an insurance payment and their premiums on it are directly related to their claims. It's also a reason why employees are directed to ring most theft up as "damaged" as a way to defraud the insurance.
Something to do with "damaged" doesn't increase premium rate as much as "theft".
its like how supermarkets make up the losses from thefts by taxing US (the paying customers) even more
Something to do with "damaged" doesn't increase premium rate as much as "theft".