Car theft is a scary event that leaves victims terrified and concerned. Finding out that your car insurance covers theft is a ray of hope in an otherwise dark circumstance. Although many types of auto insurance cover vehicle theft, whether yours does or not is a daunting question.
Therefore, you’ll undoubtedly want to know if your car insurance and theft relate.
Car insurance and theft
There are several forms of automobile insurance. The most basic is liability insurance.
Collision insurance can help compensate for additional losses in the case of an accident. Liability and collision policies do not cover vehicle theft.
If you want to protect your automobile against theft, you’ll need full coverage. You may buy comprehensive insurance on its own or as part of a package agreement with collision.
Other Necessary Insurance
Although comprehensive insurance covers vehicle theft, it only covers the vehicle itself, not personal belongings left inside. For this, you’ll need to file a claim with your homeowners or renters insurance provider.
Personal property theft usually receives coverage from most homeowners’ or renter’s insurance plans, including anything taken from your car. Check your insurance’s particular terms and conditions to learn what is and isn’t a part.
As a result, expect to make two insurance claims. One is with your auto insurance for the vehicle. The other is with your homeowners or renters’ insurance for the personal things within the car.
Some homeowner’s insurance policies provide less coverage for items taken while you’re gone.
What To Do Once Someone Steals Your Car
If someone steals your car or vehicle, call the police immediately and file a report. The police will ask for basic information like the make and model, plate number, and maybe the vehicle identification number. Then call your insurance company to see whether you’re covered.
Contact your homeowners or renters insurance provider if you feel you left personal items inside the vehicle. Complete these tasks as quickly as possible. The company will process your claim more quickly, and your chances of finding your car will improve.
