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In an At Fault loss, liability covers injuries sustained by the claimant (the person for whose injuries you are responsible) example: you rear end the car in front of you.. If that person has PIP coverage, that coverage is primary. Once it has been exhausted, your liability coverage will pay for any amount above the PIP coverage UP TO YOUR POLICY LIMIT once that has been exhausted, you may be sued personally for the excess amount Your car will be covered only if you chose to purchase Collision coverage. If you have a lien on your car, the bank will require this coverage. If not, the coverage can be purchased at your option. This is why it is very important that you review these coverages with your carrier to be sure your coverage is adequate. It is imperative that you understand the definition of "Full Coverage" in your state. It does not mean you have what you need to be adequately protected.

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13y ago

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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...


Does liability insurance cover a stolen car?

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Comprehensive insurance covers theft. Liability & Collision do not.


What can you do if your car was stolen and you only have liability?

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.


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What is a salvage ticket?

its when 70% of a vehicle has either been damaged or wrecked, and insurance has classified it as a total loss. in some rare cases the salvage title could be issued to a stolen vehicle


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No,, Liability insurance is the minimum financial responsibility requirement in most states. Liability only is the cheapest way to go on your premiums but it only covers damage we do to another person or vehicle.In order to cover a stolen vehicle you would have needed to purchase comprehensive coverage on your vehicle policy.


Is the insurance company liable to replace a stolen car with only liability insurance?

If you only carry liability insurance, that is all that the insurance company is liable for in this state.


Will insurance pay for a repossessed car?

Of course not! It wasn't stolen or wrecked, it was taken from you for failure to pay on the loan!Be sure to cancel the insurance.


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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.


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Who will be responsible if your parked car hit by a stolen car and you only have liability insurance?

It depends on the state, but at least where I live, the insurance of the stolen car pays for damages. Check it out with your insurance agent. He/she should be able to give you that information, even if your liability won't cover it.