It happens to all of us at some point in our lives. We walk out of a restaurant, movie theater, or grocery store and the first thought that comes to us is, “I wonder where I parked my car.” Sometimes, the thought turns more ominous to “I know where I parked my car, but it is gone.”
In 2019, the FBI estimated thieves stole more than 720,000 vehicles in the United States. Unfortunately, victims of car theft had only a small percentage of their stolen vehicles returned.
Depending on the type of coverage you take out, your insurer can cover the true market value of your vehicle if a thief steals it. You submit documents that include the official police report and a form from a certified appraiser that verifies the true market value of your vehicle. After a couple of rounds negotiating a final value for your car, you sign one last document that compensates you for the stolen car.
The insurance claim process seems straightforward, but what if a stolen car is recovered during the claims process? Does your insurance company dismiss the claim or can you still move forward with receiving a settlement check that covers the value of a stolen vehicle?
Whether you file a car accident claim or an insurance claim for a stolen vehicle, working with an experienced attorney ensures your insurance company does not take advantage of your lack of legal knowledge. One of the skilled litigators at Morgan & Morgan reviews your car insurance policy to determine how your insurer should settle a claim for a stolen vehicle. Legal support also helps you move forward with a claim even if you recover your stolen car.
Schedule a free case evaluation to determine how to proceed if you recover your vehicle during the insurance claim process.