Vehicle theft is surely a dreadful nightmare anyone could experience, especially if you’ve failed to obtain car insurance.
Under comprehensive coverage, your vehicle is insured up to its declared value. Carrying this type of policy lessens the financial burden of paying for a new car. But what about the personal belongings you had inside the stolen car?
Comprehensive auto insurance policies protect policyholders against loss when the vehicle gets stolen. However, it does not provide coverage for loss of personal items that were inside the stolen car. To protect your personal items too, add-ons to your car insurance policy can be purchased for an additional premium.
While you are more than willing to pay extra money to safeguard your personal items, keep in mind that there are things that are not included in the coverage. They are as follows.
- The stolen vehicle that had the personal belongings was a borrowed car
- The incident was a result of the insured’s negligence
- Items inside a locked safety deposit box
- Personal items that the policyholder does not bring or carry around
- Important documents
- Incident reported to the authority beyond 24 hours after theft was discovered
To file a claim, take note of the following.
- In no more than 24 hours after discovering the theft, notify your car insurance provider.
- When initiating the claim, provide your personal information such as name, contact information, policy number, date and time of the theft, and the location where it happened
- File a police report and obtain a copy for your own record
Documents to secure
The following documents must be furnished to properly file a claim on your policy. Complete and submit them to your auto insurance provider the soonest time possible.
- Completely filled in and signed claim form
- FIR report
- Investigation report from local police
- Invoice and other receipts
- Property irregularity report