Auto insurance policies are put in place to protect drivers from financial losses due to a number of perils. Such perils include collision and upset, fire, theft, vandalism, and animal collision. Perhaps one of the most devastating perils out of those named above is auto theft. When someone steals your vehicle, it can affect every aspect of your life. Many people rely on their vehicle to get to work, drop the kids off at school, and run important every day errands. Without a vehicle, these tasks can be very difficult to perform. Auto theft insurance helps protect drivers in case their vehicle is stolen. If this does occur, the driver must file an auto theft claim. Following are a few tips to follow that will help make the process easier.
If your vehicle has been stolen, the first thing you must do is file a police report and then contact your insurance company immediately. You should provide them with a copy of the police report, which will contain pertinent information that the claims department needs in order to expedite your claim. Give the insurance company as much information as possible. This will eliminate the claims department from having to call you to clarify or verify information.
Always know exactly what coverages and exclusions are included in your auto theft insurance policy. The more you know, the less chance there is of you being surprised by a misunderstood clause. Review your policy upon renewal with your insurance agent, just in case you need to make any changes. Auto theft insurance is included in comprehensive coverage. With comprehensive insurance, there is usually a deductible applied. Generally, the higher the deductible, the lower your premiums will be. If you want to get the lowest rate for your auto insurance, make sure that you can afford the deductible should you need to make a claim. Not all car thieves are apprehended and you may not be able to recover the deductible from the guilty party.
The most important thing to remember is when you are giving information, be honest and do not omit any details. If you provide false statements, this can be perceived as fraud and your auto theft claim could be denied. Not only will your claim be denied, but you may be charged by the police and find it very difficult to secure auto insurance through another company.
Your auto insurance agent can review your insurance policy and recommend any changes or additions that you should make. Auto theft is on the rise in many large areas of the country and with the right coverage, you can save yourself money, time, and stress.