Is Car Theft Covered by Car Insurance?

If you’re like most people, you won’t think about your car insurance very often. In all 50 states (Florida included), you have to have the minimum coverage to legally operate a vehicle, so most people pay what they need to and don’t consider it much, if at all, beyond that. But what if the unthinkable happens?

Imagine you walk out to your vehicle in order to drive to work, only to find that your car is gone. No, you didn’t forget where you parked it—it was stolen.

Whether this is covered by your auto insurance policy depends on what kind of policy you have. If you have “comprehensive” insurance, your policy will more-than-likely reimburse you for the stolen vehicle. If you have minimal, “liability” insurance, it will not.

Comprehensive Insurance vs. Liability Insurance

You may or may not have heard these terms before, and like many people, you might be wondering: “what’s the difference between comprehensive car insurance and liability coverage?”

Liability coverage is generally the minimum insurance that a person can carry and still legally be able to drive. Liability insurance is only beneficial if you have an accident—this type of policy is intended to cover damages as the result of a collision, typically involving another driver.

Comprehensive policies, on the other hand, vary slightly case-by-case but offer much more expansive coverage than liability policies.

What Else Does Comprehensive Insurance Cover?

The exact coverage of a comprehensive car insurance policy may vary between the amount of coverage you opt for and the company from which you purchase the policy. In most cases, here’s what’s covered (and what isn’t):

Covered:

• Theft – If your car is stolen, you’ll receive reimbursement for some or all of the estimated value from your insurance company.
• Vandalism – If your car is broken into, any damage to the vehicle is covered under your insurance policy.

Not Covered:

• Personal Property in Your Vehicle – Unfortunately, if your car is broken into, your insurance policy will cover the vehicle itself. If any personal items were stolen, they won’t be considered part of the claim unless you purchase additional coverage.

Get the Car Insurance Coverage You Need

To ensure your vehicle and personal property are protected in the event of an auto accident or theft, contact Corkhill Insurance Agency. We offer a wide range of policies to guarantee that your auto insurance needs are met. Service is our policy, so let us help you. For your free quote or to answer any auto insurance questions you may have, call us today at 407-898-8891.