Does Liability Insurance Cover Theft?

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Unfortunately, if you’re wondering, “Does liability insurance cover theft?” the answer is no. All liability covers are injuries and property damage to the other party if you’re at fault in an accident. Does car insurance cover theft? It does if you have comprehensive insurance, which covers a variety of unfortunate instances that might befall your Escalade. Val Ward Cadillac explains some instances where you can receive benefits if you’re the victim of auto theft.

Car Theft Insurance: What’s Covered?

If your car’s stolen near Ft. Myers and you have car theft insurance as part of your comprehensive auto insurance policy, you should be covered for the Actual Cash Value (ACV) of your vehicle. This type of car theft insurance will also cover any damage if your window is broken in a smash and grab break-in, or the ignition is damaged by a break-in attempt. However, personal items stolen from your car aren’t covered. They are most likely covered under your homeowner’s or renter’s insurance. If your car is stolen you’ll have to submit claims to your auto insurance for the car and your homeowner’s insurance for the personal items inside.

What to Do When Your Car is Stolen

Whether it’s a break-in or your car is stolen, it’s certainly a stressful and upsetting experience. Knowing how to deal with the situation can help. Storing your car’s title away from the car will help. Here’s what to do immediately after you realize your car has been stolen:

  1. Call the police. You’ll need to give them a detailed description of your vehicle that includes make, model, color, license plate number, VIN, etc. Let them know when and where you last had your vehicle and any information you have on its anti-theft system, GPS, or other systems to help you locate it more easily.
  2. Contact your car insurance provider. You’ll need to do this within 24 hours of the theft. They’ll likely want to know about any valuables left in the vehicle and a copy of the police report.
  3. Contact your home or renter’s insurance provider. They’ll need a list of items in your car, serial numbers for any electronics, and a copy of the police report.

Filing a Police Report & Insurance Claim

Again, you need to file a police report within 24 hours of the theft. You’ll also need to submit your claim/s to your insurance providers. Here’s what you need to complete both of these steps:

Police Report

  • VIN and license plate number
  • Car’s year, make, and model
  • Location and the estimated time of the theft
  • Identifying vehicle traits, such as bumper stickers or accessories

Insurance Claim:

  • Certificate of Title
  • Location of the car keys before and after the car was stolen.
  • Names and info of all parties who had access to your car
  • Vehicle description, i.e., mileage, service records, upgrade, and options
  • List of personal items that may have been stolen with the car
  • Financing or leasing company contact info and your account number

Learn More About Car Theft and Insurance with Val Ward Cadillac

No matter what happens, your safety and peace of mind are most important. Contact the Val Ward Cadillac service department to learn more about anti-theft devices, and our finance department to find out the best way to protect your assets in case of theft.

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