As promised in my last blog post related to car accident insurance claim , I am back with some handy tips for your stolen car insurance.
Yes, so you realised finally, your car has been stolen and fortunately no insurance premiums are due. It’s time to take a call.
Consider the points below
- You must inform the police immediately. Speedy actions are crucial, because car might be mishandled by thief. It can be driven far away from the city. And there will be further delay in theft insurance claim.
- Inform your car insurance broker/company
- Know your insurance policy. See if you are covered for a replacement rental car if your car is stolen Ask your car insurance company, how much time will be required to resolve your claim in this case.
- Insurance company try to gain time few times to allow police to investigate further about stolen car recovery. Because you don’t need insurance in case your car is recovered back as it was.
- Meanwhile if you find your vehicle let your insurance company and police know about the car details and the whereabouts.
What if the thief meets an accident while driving you stolen car
You are not responsible for it for obvious reasons.
What if your car payments are due
Car financing companies may expect the payments before your car insurance claim is resolved. In case of delay in your case, the overpayment of the car payments and the insurance premiums can be rebated with the interest.
What if your personal property in car is stolen or damaged
Again check your policy, under a comprehensive policy, you might get certain amount may be covered though not the full, may be around £150.
Why get into all this when probably you can minimise the chances of your auto theft...Coming up next.
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