Question: What Does Insurance Cover If Your Car Is Stolen??

If your auto insurance policy includes comprehensive coverage, you should be covered up to the Actual Cash Value (ACV) of your vehicle in the event your car has been stolen or damaged during a break-in.

However, the liability and collision portions of your insurance will not cover car theft.

How long does it take for insurance to pay out on a stolen vehicle?

Most carriers have a waiting period (anywhere from 7 days to 2 weeks) to see if the car will be recovered. If it is not recovered, then you will be paid the actual cash value of your stolen car under the comprehensive coverage of your insurance policy.

What happens when your car is stolen and recovered?

The car was stolen and recovered. If a stolen car isn’t recovered right away and is replaced by the insurance company, the original car may receive a salvage title when it’s found. If the car is recovered quickly, the police may simply return it to the owner.

What do you do when someone steals your car?

What to do if your car is stolen

  • 1. Make sure your car has really been stolen.
  • Call the police.
  • Call your car insurance company and report your car stolen.
  • Report the car stolen to your DMV.
  • Take matters into your own hands.

Photo in the article by “National Park Service”