Quick Answer: 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.

What do you do when someone steals your car?

How to Report Your Car Stolen to Your Insurance Company

  • Contact information of your leasing or financing company, if any.
  • Description of your vehicle.
  • Information on the last known whereabouts of your vehicle.
  • List of personal items that were in the car at the time of the theft.
  • Location of all of the keys to the vehicle.

How do police track stolen cars?

Track your car using the VIN.

In the United States, you can also use the VinCheck feature at the National Insurance Crime Bureau (NICB) website. This website finds cars that are reported as stolen or salvaged. Contact the police in the area where the car has been registered or serviced.

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 if my car is stolen and not 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. Not every car that gets stolen ends up with a salvage title. If the car is recovered quickly, the police may simply return it to the owner.

Will my insurance go up if my car is stolen?

This isn’t true. In fact, unless someone is insured for comprehensive coverage, the insurance company will not even have to pay on the theft. While there is no certainty that the insurance rates will go up, it is likely a person with comprehensive automobile coverage on a stolen car will have to pay higher premiums.

Who can report a car stolen?

After the formal police report is filed, you’ll want to notify your insurance company about the theft of the car. The insurance provider will often want to know information from the police report. In fact, many insurers cannot process the report of a stolen car if the theft has not already been reported to the police.

Do you still have to pay for a stolen car?

Your car insurance company will pay only for your car’s actual cash value (ACV) in the condition it was in before the theft. If your vehicle’s ACV is less than the $15,000 that you still owe on it, then because you were wise enough to get gap insurance this coverage should pay out toward the balance.

How do you tell if a car is stolen?

To check if a car is stolen, look for the vehicle identification number (VIN), which will be located near the dashboard in front of the steering wheel, on the inside of the driver-side door, in the rear wheel well above the tire, or somewhere else on the car.

How long before a stolen car is written off?

Many insurance companies require a minimum waiting period for a stolen car claim to be finalized. Often the wait time it thirty days in order to see if the vehicle can be recovered. The time period typically starts at the time the vehicle was stolen and not when you filed the claim.

Can SiriusXM track a stolen car?

Your vehicle can be tracked only if you have an active SiriusXM Guardian or Uconnect Access subscription. First contact the police to report your stolen vehicle and obtain a case number.

Are stolen cars usually recovered?

If the stolen car is not found within the first 30 days after the theft, it’s unlikely that it will be recovered intact or at all. If the car was stolen for a joy ride or for use in another crime, it may be found soon after the theft. Don’t hold your breath. The police do not look for stolen cars.

Photo in the article by “Mount Pleasant Granary” http://mountpleasantgranary.net/blog/index.php?m=09&y=14&entry=entry140924-193632