Despite the fact that car theft has decreased considerably in recent decades, it does not hurt to have theft coverage in car insurance , just in case, since the number of thefts continues to be worrying.
Theft coverage is especially useful when the car is new, spends a lot of time parked on the street or parks in troubled areas.
What is car insurance theft coverage?
When requesting compensation for theft, it must be taken into account that not all thefts are different and, consequently, neither is the response of the insurer. In fact, there are companies that exclude certain types of theft in the policy. For this reason, when contracting this coverage, it is important to check whether, in addition to the total theft of the vehicle, partial theft and attempted theft are also included.
Also keep in mind that coverage has limits. For example, generally both theft and theft of the vehicle by a family member are excluded circumstances.
What to do if your car is stolen?
The first thing you have to do if your car is stolen is to report the theft to the police. Once the theft has been reported, you must notify the insurance company. For this it is essential to have made the complaint (in fact, you have to send them a copy of the complaint). In the event that the car appears, you must not forget to notify it at the police station where you reported the disappearance of the vehicle. The counterclaim filed in this case must also be sent to the insurer.
If the robbery you have suffered is partial or attempted robbery and these circumstances are covered by your insurance, the company will only compensate you for the stolen or damaged parts. The valuation of the damaged parts is carried out independently depending on what it costs to repair or replace them.
With regard to the theft of accessories, two circumstances can occur. One, that the stolen accessories are standard. Another, that they are not. If they are standard accessories, that is, factory originals, the insured will receive compensation for their new value. This does not apply to or tires. Depreciation is applied to these or they are not directly covered, unless there is more damage. As for accessories that are not standard, these are generally not covered unless specifically stated in the policy.