Having a car stolen is an unfortunate experience for anyone, but it also raises plenty of questions for the vehicle owner who is now trying to figure out how to navigate their life without their transportation. Although there is the possibility that you will be able to locate your stolen vehicle or that the police can help, you still need to be prepared to ask questions such as, “What does my insurance do when my car is stolen?”
People are required to carry insurance on their vehicles that they drive on public roadways, which means that most people need to have appropriate insurance in place to meet not only state minimums but also to provide additional protections. These additional protections may be optional, such as underinsured or uninsured coverage, but they can be extremely beneficial when unfortunate accidents happen.
You need to read the fine print of any car insurance policy to determine how your insurance carrier might address this particular situation. You also need to be prepared to advocate for yourself and to recognize when the case might have gotten so complicated that you need to retain the services of an experienced car insurance lawyer. A knowledgeable car insurance dispute lawyer can assist you with all aspects of your situation, and it is recommended that you consult with a lawyer sooner rather than later.
Reading the Fine Print of Your Policy
If your vehicle is stolen, one of the first things you should do is report it to the police. This gives you the best possible chance to recover your vehicle. It also serves as important planning for your car insurance claim because you will likely need to file a car insurance claim to recover the amount of your car.
Liability insurance does not cover stolen cars. Liability insurance is only there to cover you in the event that you cause property damage or bodily injury to someone else or their vehicle, but it does not cover the instance of a stolen vehicle. Likewise, collision coverage doesn't protect you from theft either. The only way to get protection from theft is to have comprehensive car insurance coverage on your vehicle. You'll want to review your car insurance policy to see if you have such comprehensive coverage.