It is a fantastic day at the farmer’s market in your community. You’re living in the now, sharing delectable treats with pals, and savoring those Instagram-worthy social moments. That is, until you find it—stolen—when you return to your car.
You get a sudden wave of panic and wonder how, what, when, where, and why someone would steal your car. Even if we are unable to respond to some important queries, Our is able to address others, such as “does insurance cover a stolen car?”
With 810,400 cars expected to be stolen in 2020 (source: Insurance Information Institute), it’s critical to know what insurance policies will cover you and what to do if your car is stolen.
Which insurance policies cover theft of a vehicle?
Prior to a car theft, you should have comprehensive coverage on your auto insurance policy. That is to say, you will not be able to add this coverage after the incident.
Complete or partial theft is covered under comprehensive coverage on a vehicle insurance policy. Therefore, comprehensive coverage would be helpful in these cases, whether you encounter a theft of a catalytic converter or one that leaves you without a vehicle at all.
In the event that your policy includes this coverage, you will probably have a deductible amount chosen. In the case of a claim, this is the sum that you will have to pay. Check out this article to learn more about vehicle insurance deductibles.
If your auto insurance covers any transportation costs in the event that your automobile is stolen, that is another feature of your policy you should research. Usually, your insurance will only cover a certain amount of money for temporary transportation.
Furthermore, you may choose to include Rental Reimbursement with insurance policy, which usually offers slightly greater coverage than that of Comprehensive coverage, as previously shown.
In conclusion, in the event that your automobile is stolen, it’s a good idea to have at least Comprehensive coverage included with your policy. You should also get in touch with your auto insurance provider to discuss the rental car application process in this kind of situation.
How to respond if your vehicle is stolen
Any type of vehicle theft can be an unexpected and frightening event that leaves you feeling helpless and unclear of what to do. We’ll walk you through a quick, practical how-to in the event that a car is stolen or a part is lost.
In the event of a car theft, you should notify the police and make a report as soon as possible. This step cannot be emphasized enough. The police report will help you when filing a claim with your auto insurance provider.
Second, make as many records and gather as much data as you can. This could be documenting the situation with pictures, writing down the address, or identifying nearby establishments and sites. Not to mention that you may input these facts fast if you are submitting your claim through the Our app.
The last thing you should do is think about making a claim with your auto insurance, particularly if comprehensive coverage is available. To evaluate your demands for transportation, coverages, deductible payments, etc., you will deal directly with your auto insurance.
Our insurance protections in every circumstance
Given the annual number of car thefts, we are aware of how crucial it is to select the appropriate insurance coverages for your policy. Minimum insurance requirements might seem like a good idea, but it’s not always the best course of action in unanticipated situations like car theft.
Complete coverage for your car, which includes comprehensive and collision insurance, might come in handy in unforeseen or unplanned circumstances. Does this seem like a lot of coverage you would rather not pay for? We comprehend. But what if we told you that Our may help you save money each month in addition to offering all coverages?
With Our auto insurance, you may reduce your monthly premiums by using telematics technology in conjunction with safe driving practices. Therefore, even while purchasing more insurance than what is necessary may seem costly and unneeded, you can value the monthly savings that result from your careful driving and the assurance that we will be there for you in the event of an emergency.