You must have comprehensive coverage in order to recover on a claim from your insurance company if your vehicle is stolen. Liability only is just that, liability for your legal liability for damage or injuries to others.
If you have theft insurance with your policy, yes. It should not matter where your vehicle was stolen.
The second vehicle will be covered by it's own insurance. That company will then attempt to sue the driver to recoup it's losses
I think that your insurance covers the items that were yours that were stolen, and the company's covers the car damage.
You or your insurance company. The owner of the stolen vehicle would not be responsible because their vehicle was stolen and the driver of the stolen vehicle's insurance would not cover it because he was driving a vehicle that was not on his policy and he did not have permission to drive.
If you are looking for an insurance company that is customer friendly, Esure is the company for you. They provide a complimentary coutesy car if something were to happen to yours, they will replace your vehicle, if less than a year old (if there is a high percentage of damage to yours) and you are covered if your vehicle were to catch on fire or if stolen.
After making a police report, contact your insurance companies claims department right away and report the theft If you have comprehensive coverage on that vehicle, then your loss will be covered under your policy. If you have rental car coverage then the Insurance Company will also pay for a temporary rental car for you to drive. It just depends how much insurance you bought. For vehicle theft claims, It is customary for the Insurance Company to wait a short time to see if your stolen vehicle is recovered for you by authorities.
You should report the theft immediately to the police and to the car owner's insurance company.
hello hi
Assuming that the stolen company vehicle is not covered by an insurance. Determine the remaining book value. You don't record the depreciation but instead you have to write it off or simply record the remaining book value as loss. Then record the fixed asset account as credit. The loss is treated like an expense account.
Unfortunately, there is nothing you can do with your insurance company. If you only have liability insurance, they do not pay anything to have your vehicle replaced.
That depends on the policy that you have with your insurance company. When I had my truck broken into, my policy covered the iPod and stereo that were stolen, plus my rental while my truck was in the shop.
If it is being used as a replacement for your vehicle, because your vehicle can not be used because it is broken down, need of service or stolen, it is covered. If not, it most likely is not.