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Does Comprehensive auto insurance pay off and replace the car in the event of auto theft?
Wiki User
∙ 12y ago
Yes
Wiki User
∙ 12y ago
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Is auto theft covered by liability insurance in Colorado?
No. Liability insurance covers damage you do to someone else's property. Theft would be covered by comprehensive insurance. In most jurisdictions, liability insurance is required but comprehensive is not.
Does full coverage insurance cover theft?
if your full coverage includes comprehensive coverage then yes, Auto theft is covered under the comprehensive portion of your auto insurance policy.
What is comprehensive insurance?
Comprehensive Insurance is a term used for a variety of insurance policies offering a broad protection. In car insurance, it is coverage which pays to repair or replace the policy owner's vehicle and personal property inside of it if it was damaged or lost due to other agents, such as fire, theft, flood, or vandalism. Comprehensive insurance is an element of car insurance that pays for damages to your vehicle caused by anything other than a collision, including vandalism, theft and natural disasters.
What type of insurance will cover a stolen vehicle?
Comprehensive insurance covers theft. Liability & Collision do not.
Does comprehensive car insurance cover theft?
In my opinion it does cover theft. To be sure I would call the insurance company of my choice and ask them about their policy.
What does auto comprehensive insurance cover?
Comprehensive auto insurance covers theft, fire, vandalism, weather damage, riots, and other similar acts which may cause damage to a vehicle. Comprehensive auto insurance does not usually cover acts of God, theft or vandalism by family members or employees, contents of the vehicle, or damage due to improper maintenance. Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)
What is comprehensive auto insurance?
If you are in the process of quoting auto insurance, chances are the term comprehensive coverage has come up quite often. Comprehensive auto insurance coverage is a coverage that will pay to repair or replace your vehicle in the event of a covered loss up to the fair market value of the vehicle. Covered losses that fall under comprehensive include: fire, theft, vandalism, hail, and wind damage. Falling objects and hitting a live animal also fall under comprehensive. If you are financing your vehicle, you will be required to carry both comprehensive and collision coverages to satisfy lender requirements. The state does not require comprehensive or collision coverage.
What kind of insurance do hair stylists need?
fire and theft, comprehensive and accident
Under what circumstances would a person want comprehensive motor vehicle insurance?
Comprehensive insurance helps to pay for damages to a vehicle that were not the result of a collision. If you want insurance when a vehicle is damaged by fire or theft , then you should purchase comprehensive motor vehicle insurance.
Does comprehensive auto insurance pay off and replace the vehicle in the event of auto theft?
Comprehensive is the coverage that would pay for the theft of a vehicle. The policy spells out the insurance companies options on payment. On any claim, the insurance company has the option to repair, replace, or pay the actual cash value of the vehicle in the event of any loss. Generally they do not replace a vehicle but pay the actual cash value less your deductible then allow you to purchase a replacement vehicle. As a matter of full disclosure, I own and operate a small Independent Insurance Agency and have for the part 22 years. Before that I worked as an agent for a direct writer insurance company. As for the payoff of the loan on the vehicle, the insurance company will have to issue payment to the bank up to the amount owed on the vehicle. The amount they pay has nothing to do with the balance on the loan. If you owe less than the ACV then the balance will be paid to you. If you owe more than the ACV then you will have to pay the difference to the bank or finance company.
How can one insure the property that they have in their room?
Some insurance companies offer theft insurance. If you have theft insurance, you will be compensated in the event a burglar steals your personal items. Fire insurance is another option. This insurance compensates you in the event of a fire. Contact your current insurer to see if they offer theft insurance, fire insurance, or another form of protection for your belongings.
What is purchased to protect owners against collision or theft?
Collision insurance coverage will protect your vehicle in the event you hit someone or are hit by an uninsured driver. Comprehensive coverage will protect you from theft, vandalism, etc. But always read the fine print to be sure.
