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Understanding the Process of Car Theft Insurance Claim

Car Theft Insurance Claim

There is no point in arguing that seeing your vehicle stolen can take a toll on your mental health. Afterall, it was your hard-earned money that you put to buy that dream car of yours. But, enough with the misery under such circumstances, what are the processes associated with the insurance claim? The idea behind this article is to make you aware of what one must do when their car gets stolen. 

Getting Through the Claiming Process

Once you find that your car has gone missing, the first and foremost thing that one needs to do is file a report to the nearest police station. Take the receipt and share them with your car insurance company. You can also notify your insurer via your insurance agent. It is imperative to get done with all the paperwork as soon as possible. This ensures a seamless procedure. After the initial stages of the filing, ask your insurance agent for further assistance with the filing. 

There is a minimum waiting period around the time your vehicle gets stolen, and the insurance claim is finalized. This is mainly done to wait for any instance where you are able to recover your vehicle. So, in case your insurance company is holding off, there is no need to worry. 

Proceedings of the Claim Investigation

Once you have filed your claim, you will come across several questions regarding the stolen vehicle. You need to hold your horses and keep your mind relaxed. These questions are generally asked over and over again to look for fraudulent claims. Here a list of some of the information that you need to aware of: 

  • The time and date of the theft
  • The model number, mileage, and manufacturing number of your stolen vehicle. 
  • The state from which your car belonged
  • A copy of the police report for stolen vehicle

When You have Successfully Recovered the Vehicle

After you have successfully filed a police report, there is a high probability that you might recover the vehicle. During such instances, you need to notify the insurance company about the recovery of the vehicle. Even after that, your vehicle might have been damaged, in which case you will get compensation from your insurer. So, in one way or another, it is always a win-win situation for you. Just make sure that you convey the information at the right time. 

Coverage for the Personal Belongings within the Car

Chances are there are several personal belongings at the time your car got stolen. These might include some precious possession or even hard cash. So, the bigger question arises, is there any way in which you can get coverage for such items? Truth to be told, NO. When you get reimbursed, the insurer will only pay a single deductible for your loss. 

Wrapping Up

During the entire claim process, you need to very logical and calm. You need to go through the right procedure without losing your cool. You need to gulp down your emotional attachments. Further including, keep in mind that installing anti-theft devices can actually help to prevent such mishappening. Even by installing a car alarm, you can get a significant discount on your insurance premium. So, stay vigilant, and you are always good to go. 

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