Does car insurance cover theft? Or more specifically, does liability cover theft? The answer is no, liability insurance covers bodily injury and property damages when you are at fault. Car theft is usually not included in your coverage. However, comprehensive insurance often covers both car theft and associated damages.
Let’s go through a few scenarios from our finance team to see when car theft insurance can be utilized in Minneapolis.
Say you were in St. Paul when your car was stolen. Does your car insurance cover theft? If you have comprehensive coverage, you can typically get up to the Actual Cash Value (ACV) of your vehicle. If a break-in included damages like broken windshields and broken door locks, those would also be covered.
Unfortunately, this won’t cover items stolen from your car. If you are missing personal belongings like your wallet or smartphone, you’ll need to submit a claim to your homeowner or renters insurance company as well as your auto insurance company.
Time is of the essence when it comes to car theft insurance. You’ll need to file a police report within 24 hours of the theft and get in touch with your insurance as soon as possible. Here are the details you’ll need:
So in short, does liability cover theft? It doesn’t. Does car insurance cover theft? Yes, if you have car theft insurance through your comprehensive plan.
If you want more car tips about insurance coverage or anti-theft protective measures, be sure to contact us at Jaguar Richfield. We’re located in Richfield, just a short drive from Edina, so get in touch with us at any time.
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