Does Liability Insurance Cover Theft?
Does liability cover theft? The short answer is “no.” Liability insurance covers another party’s bodily injuries and property damages as the result of an accident caused by you — the insured. It doesn’t typically cover car theft. Comprehensive insurance, however, covers car theft and associated damages. Below, Mile High Acura explores a few break-in scenarios in which you can receive coverage from your car insurance company.
Car Theft Insurance: When Am I Entitled to Coverage?
Let’s say your car was stolen near Aurora. If you have comprehensive coverage, you should be covered up to the Actual Cash Value (ACV) of your vehicle. Similarly, if your car is damaged as the result of a break-in, you’ll also be covered. Broken glass, door locks, ignition system, etc., will be covered under comprehensive insurance.
Unfortunately, stolen personal items, such as a wallet, briefcase, or smartphone, aren’t covered; you’ll need to submit a claim to your homeowners or renters insurance company. If your car was stolen with items inside, you’ll need to submit claims to both your homeowners or renters and auto insurance companies.
Filing a Police Report & Insurance Claim
If your car was stolen, it’s important 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:
- VIN and license plate number
- Car’s year, make, and model
- Location and estimated time of the theft
- Identifying vehicle traits, such as bumper stickers or accessories
- 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
Get More Info from Mile High Acura in Denver!
To summarize: does car insurance cover theft? Yes, but only if you have comprehensive coverage. Follow Mile High Acura near Highlands Ranch for more tips on how to care for your car, such as how to care for your tires and the effects of altitude. We will also answer any questions that you have about gap insurance.
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