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If you buy a car and insure it and it turns out it is a stolen vehicle should insurance pay for it?
Icano
This is one of the diciest situations that can happen to somebody purchasing a vehicle. Frequently, the last purchaser of the stolen vehicle is screwed. Hyper-technically speaking, you received stolen goods, which makes you a fence! But those cases are rarely prosecuted, if the purchase was done in good faith on your part. But what will that get you except being car-less and thousands of dollars poorer? Not much. You're only recourse is through the civil courts. You'll have to sue the party who sold you the vehicle. Hard if it's a dealer; very hard if not impossible if it's a private individual. The insurance company is not required to pay you anything, because the car was not stolen from you and you were not the rightful owner to begin with.
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∙ 17y ago
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If my car was stolen out of state is it covered?
If you have theft insurance with your policy, yes. It should not matter where your vehicle was stolen.
If your auto is hit by a stolen vehicle who will pay for losses like deductibles and other expenses?
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.
What happens to your title loan if your vehicle is stolen and wrecked?
Since you have a loan you should be required by the lender to have full coverage insurance which will pay you the value of the vehicle. With out insurance you are still responsible for repaying the loan no matter what happens to your vehicle. It is not the lenders fault your car was stolen and wrecked...
What should one do if your car is stolen?
If one's car is stolen, the first step is to call the police and provide information on the stolen vehicle; then follow the advice of the police as quickly as possible so as not to delay recovery of the vehicle. The next step is to contact the insurance provider to process an insurance claim.
Do you have to insure a vehicle that is not in use?
To answer your question - no, you do not have to insure a vehicle that is not in use. So long as the vehicle is not being driven, it is not necessary to insure it. However, should the vehicle be stolen during the period in which the vehicle is not insured, then I do believe that is simply considered as a loss, and is not worthy or reimbursement. The other downside is also that if the vehicle remains in your ownership and uninsured for a certain amount of time, you may also be charged an additional fee to re-insure your vehicle again in the future. Bottom line - It is not necessary to insure a vehicle that is not in use, but be wary of any pontential future repurcussions. Hope this helps!
If vehicle is stolen from your home which insurance covers?
Either.
Whose insurance company do we report to if the vehicle that was stolen was borrowed from a friend?
You should report the theft immediately to the police and to the car owner's insurance company.
Does homeowners insurance cover a vehicle stolen off your property?
No, That's what Auto Insurance is for.
Why is my insurance company telling me my stolen vehicle is under investigation?
It's standard procedure for an insurance company to investigate any and all claims made by it clients to insure any fraudulent activity is not occurring. For example they want to make sure that your car was 'legitimately stolen" and that it is not been illegitimately asked to be taken or possibly hidden just to receive the insurance money.
What are some benefits of stolen vehicle tracking?
Major benefit of stolen vehicle tracking is being able to identify and locate any stolen vehicle using GPS tracking. Also cars with stolen vehicle tracking can be subject to reduced insurance premiums.
What type of insurance will cover a stolen vehicle?
Comprehensive insurance covers theft. Liability & Collision do not.
Can you cancel stolen car insurance claim?
You can't just cancel a claim. It is basically up to the Insurance co. to either aprove a claim or deny it. However, it the vehicle was stolen, it is your resposibility to provide a police report proving that the vehicle was indeed stolen.
