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If you have comprehensive coverage on your vehicle, that is the coverage that will pay for your stolen vehicle.

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โˆ™ 2007-09-08 10:15:02
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Q: Who pays for your stolen vehicle?
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If your vehicle is stolen and the insurance company pays you off then the vehicle is recovered do you have to pay the money back?

You either have to return the money or not keep the vehicle. You don't get the benefit of both the value of the car in cash and the actual car.


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What are the benefits of using vehicle tracking devices?

The main benefit is to locate a stolen vehicle if it is stolen. Other benefits include saving money, as the government pays money when emergency calls are made in these situations which gives authorities a huge leap of trying to apprehend criminals before vehicle is stripped and parts are sold.


Does gap insurance cover a repossession?

Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.


If your auto is hit by a stolen vehicle who will pay for losses like deductibles and other expenses?

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If you have a stolen template on your vehicle you may get pulled over by the police. You need to have that corrected.


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