Does insurance replace my car when it’s stolen?
by Samantha Bee CAR INSURENCEAfter working a long
and hectic day, you reach the usual parking spot where you park your car every
day. But your car is nowhere to be found. You turn your head all around and
frantically look asking every person passing by if they have seen your shiny black
sedan. But in vain go all your efforts and you dial 911 for assistance.
When the police
arrive, all sorts of questions start pouring in. But what is the surety that
your highly cherished expensive car insurance would come back to you safely or
not?
What to Do? Get Comprehensive Auto
Insurance!
Now consider the same situation with the exception of having comprehensive car insurance. Your chances of receiving become very bright when you have your car covered comprehensively. How does insurance replace your car when it’s stolen? There is a whole set of claim procedure that you must go through to get replace your stolen vehicle.
Easy Steps to Replace My Vehicle
·
First and
Foremost Condition of Replacement
First
and foremost, a complaint must be filed at the police station regarding the
theft of your vehicle. Similarly, you must immediately contact either the agent
through which you purchased your policy or the customer service center of your
insurance carrier to inform of the stolen vehicle. In most cases, the time
period to recover or replace the stolen car is thirty days as it requires time
to find.
·
Do This
Next To Make Replace Process Fast
Once
you have contacted the insurance company it shall begin its detailed
investigation. As per the standard operating procedure, you will have to give
recorded statements in the presence of the claim adjuster. You must bear in
mind that the whole lot of all sorts of questions that you will be asked are
only going to help you find your car. Hence you must not feel offended or take
any of the questions personally rather take it as professional duty of the
company representative. The claim adjuster also has to ensure that the claim is
an authentic one and not a fraudulent one. So he has to perform his duty. Other
than that, usual questions shall be asked such as date and time when the
incident took place, details of police report, place where the theft took place
and the details of the stolen car such as its model, make, year and how much it
was driven.
Replace My Lost Car by Auto Insurance
Total Loss Claim in Texas
A total loss claim
is when you and the claim adjuster mutually agree at a value of your vehicle
which is based on the current value minus the deductible. An agreement would be
formed between you and your company and respective payment shall be made for
your stolen vehicle.
If your vehicle is
found later you will not have any rights over it instead it will be under the
ownership of the insurance company. However, if you want it back you can work
out things with your insurance company but you cannot replace it then with the
current one. If your vehicle is recovered but with damages, you will not have
to worry about its repairs for they will be covered under comprehensive car
insurance.
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Created on Jun 25th 2018 01:21. Viewed 534 times.