Stolen cars are a big issue, and one that’s only going to get worse in the future. As more cars become autonomous and connected, they are much more vulnerable to theft. Automakers are starting to see this problem and are working on solutions, but there is still a lot of work to be done. In this blog post, we will explore some of the factors you should consider when deciding if insurance will cover your stolen car. From security features to deductible amounts, read on to learn all you need to know before making your decision.
What is stolen car insurance?
When a car is stolen, the owner likely has a policy that covers theft. This type of insurance provides protection in the event that someone steals your car and either drives it off or destroys it. The coverage typically includes replacement costs for the vehicle, as well as damages to the property inside and outside of the car.
Types of coverage
Car insurance policies vary a great deal in terms of what they cover, so it’s important to read the coverage carefully before buying. Here are three types of car insurance coverage that most policies offer: physical damage, collision, and liability.
Physical damage coverage pays for damages to your car that are not caused by the incident that caused the policy to be issued. This can include things like vandalism or theft.
Collision coverage pays for damages that happen as a result of an accident. This can cover things like damage to your car from another vehicle, but is not limited to accidents involving vehicles.
Liability coverage covers you financially if someone is held legally liable for causing an accident that results in damages to your car. This can include people who were driving without proper insurance, as well as people who were driving while under the influence of alcohol or drugs.
What happens if my car is stolen?
If your car is stolen, the insurance company may not cover the cost of a new car. Depending on the policy, you may have to pay for damages or losses that occurred while your car was in the thief’s possession.
If you have been the victim of a car theft, your insurance company may not cover the cost of replacing your vehicle. It is important to know that this policy varies from company to company, so it is important to contact your insurance provider to ask about their specific policy regarding stolen cars. Also, be sure to keep all relevant documentation associated with the incident (including police reports, photos, and any documents related to your policy) in case you need to make a claim.