Comprehensive insurance usually helps cover theft of the car itself, stolen parts of the car, or damage caused by theft (such as broken windows or damaged door locks). Whether or not insurance covers theft can vary depending on the situation and the type of car insurance you have. Comprehensive coverage will generally cover theft, as well as repair costs for theft damage. Liability insurance probably won't cover theft, as it generally protects against bodily injury and property damage resulting from an accident.
No, your car insurance will not cover personal items stolen from your vehicle, such as your laptop, briefcase, or mobile phone. However, your renters or homeowners policy can cover personal belongings stolen from your car, even if they were stolen while the car was not on your property. Electronics insurance can also cover stolen cell phones, laptops, and other devices that you choose to cover. Car insurance can cover a stolen car, but only if you have comprehensive coverage.
If your car is stolen and you don't get it back, this coverage pays the current value, or the real cash value, of your vehicle. Your deductible is the amount you'll pay out of pocket for a covered claim before your insurance company steps in. If your vehicle is stolen, you'll want to file a police report and then file a claim with your insurance company. If your car was stolen with personal items in it, you would have to file two different claims: one through your car insurance and one through your homeowners insurance.
However, car insurance doesn't cover personal property, such as the laptop you left in the front seat or the set of golf clubs you stowed in the trunk after a car theft. Not all Nationwide affiliated companies are mutual and not all Nationwide members are insured by a mutual society. Comprehensive coverage pays for almost everything besides a car accident, including most car theft cases. This type of coverage is generally only available for the first year of owning a car and you must be the original owner.
If you have an older car, compare the value of your car to the cost of your deductible and how much you pay for coverage. We're going to explore a few different scenarios to give you a better idea of what your car insurance will cover in the event of a car theft. Comprehensive car insurance will only cover components and features that are permanent, pre-installed parts of the car. Let's take a closer look at how your vehicle is protected against theft when you have the right coverage.
Your car insurance should be there for you if you suffer a theft, whether it's your personal belongings in your car or the entire car itself. Comprehensive claims have a deductible, which is the amount you pay before your insurance pays the rest.