Question 1

Does auto insurance pay if my car is stolen?

Accepted Answer

If your car is stolen and you have comprehensive coverage, auto insurance may pay you. However, the amount you receive will be based on the current market value of your car.

Question 2

If your car is stolen, how long does it take for insurance to pay?

Accepted Answer

It takes about a month for insurance companies to payout on claims.

Question 3

What should I do if my car is stolen?

Accepted Answer

If your car is stolen, you should first call the police to report the theft and file a police report. Then, contact your car insurance carrier to inform them about the stolen car.

Question 4

Does insurance go up if your car is stolen?

Accepted Answer

Yes, your auto insurance rates will go up after a theft claim. Fortunately, the increase is slight and much less than if you were in an at-fault accident or collision.

Question 5

How long does a car have to be stolen before insurance pays?

Accepted Answer

Most insurers wait up to 30 days to write off a stolen vehicle.

Question 6

Does liability insurance cover theft?

Accepted Answer

No, liability coverage does not cover theft. You need comprehensive insurance for car theft.

Question 7

Does auto insurance cover the theft of personal items from my car?

Accepted Answer

Comprehensive auto insurance policies typically cover parts stolen from a car if they are permanent or the vehicle cannot function without them. However, homeowners or renters insurance policies generally cover personal items stolen from the car.

Question 8

What happens when your car is stolen and then found wrecked?

Accepted Answer

If it can be repaired, your comprehensive insurance will cover the costs minus your deductible. If your car was stolen and totaled, your insurance provider will pay out the actual cash value of the vehicle.

Question 9

What happens if a stolen car is found after the insurance payout?

Accepted Answer

After the insurance payout, the vehicle belongs to the insurance company. If recovered, the insurer can do what it wants with the vehicle, including reselling or salvaging the car.

Question 10

If my car is stolen will insurance cover a rental?

Accepted Answer

Rental car reimbursement coverage pays for rental cars after a claim, but you need to add this coverage for an additional cost.

Question 11

What happens if a rental car is stolen?

Accepted Answer

Call the police immediately if your rental car is stolen. Report the theft to the rental company and ask next best steps. If you bought car theft insurance coverage at the counter, it will be covered by the rental company. Otherwise, you may need to contact your provider to see how your personal coverage applies.

Question 12

What do you pay out of pocket on an auto insurance claim?

Accepted Answer

You would pay your auto insurance deductible on a claim before your insurance covers the rest.

Question 13

How does an insurance company determine the value of your car?

Accepted Answer

Your auto insurance company will look at factors including:

general market value of the vehicle
make and model of the car
mileage
normal wear and tear from use
parts replacements

Question 14

Can I negotiate actual cash value?

Accepted Answer

Yes, if you disagree with the insurance company’s estimate of your vehicle’s value, you can negotiate with them for a higher payout. It will help if you gather all evidence and documentation, look for comparable values of your vehicle in your area, and then prepare a thorough counteroffer.

Tag: auto theft

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Does auto insurance pay if my car is stolen?

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Tag: auto theft

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Does auto insurance pay if my car is stolen?

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