A stolen car is every drover’s worst nightmare and the cases of the stolen car are increasing every year. The first and foremost question that arises is; does car insurance cover theft? Yes, it does. But only very limited car insurance policies provide this protection. Each company has its own terms and conditions for different policies; some companies cover everything in full coverage and some don’t.
So it is important to clear this with your insurance company before buying a policy. Ask them about a detailed coverage quote; check everything and then decide which one is most suitable for you.
What Happens if Your Car is Stolen?
If your car ever gets stolen then there are a few things that you have to do, to make sure you get the claim on time. Below are some steps you can follow in case of car theft.
- File A Police Report
The first thing you have to do is inform the police and file a report about the incident. This is solid proof of the theft and will help in claim filing.
- Contact Your Insurer
Next thing is to contact your insurance company and inform them about the theft and understand the process of claim filing.
- Contact Your Financing or Leasing Company
If your car was on loan or lease then inform about the theft to your financing or leasing company. This will help you to get some time to understand what to do next about the pending money.
- Attempt To Track Your Stolen Car
You can work with the police or individually to track down the car. If your car has some advanced features like geo-tracking then you can track your car from your mobile phone or computer easily.