Does Car Insurance Cover Theft

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Does car insurance cover theft. Let s explore a few different scenarios to give you a better idea of what your car insurance will cover in the event of car theft. Liability insurance the basic minimum insurance the majority of drivers have does not protect you from car theft. Does standard car insurance cover theft. Keep reading to learn more about the types of insurance that cover theft what you can do if your car is stolen and also the best car insurance companies in the market today for coverage against.
Standard means the minimum amount. That figure has dropped a lot since its almost 2 million high in 1991. Unfortunately car insurance likely won t cover theft of any personal items from your vehicle unless your auto policy happens to have some sort of additional personal property coverage. In 2017 there were 773 139 incidents of car theft.
Your car insurance would but only if you have comprehensive coverage. If someone steals your car or the thief takes a part from your car like the catalytic converter homeowners insurance does not cover that. Purchasing a car is a huge expense on its own and if you re not prepared to have to replace it unexpectedly due to theft insurance compensation can be a huge relief. Liability insurance likely won t cover theft as it usually protects against bodily injury and property damage resulting from an accident.
Car theft is a serious and it can happen to anyone. Similarly collision insurance which covers your own repair costs in accidents not including another vehicle won t help you here. Does homeowners insurance cover car theft. Does car insurance cover theft.
But authorities say thieves are always coming up with new ways to steal cars. Does car insurance cover theft of personal items. Liability insurance covers the costs of damage you might cause to other drivers and their property. If you have comprehensive coverage on your policy auto insurance can help pay for your stolen vehicle if it is not recovered.
In short no a standard car insurance policy is limited in what it covers including theft. Car theft and insurance scenarios scenario 1.