Car insurance is important during car theft

Car Insurance Coverage After Theft

 

With a recent report showing over 54,000 vehicles were stolen in Australia during just one year, it makes sense to protect your car. You can do this two ways – through anti-theft measures (to help prevent theft) and car insurance (to help recover financially). We often think it won’t happen to us but chances are we will experience car-related theft in our lifetime, either from inside the car or the entire vehicle. Theft-related car insurance coverage is an important consideration.

 

 

Anti-theft Measures Aplenty

There are many ways you can make your car less enticing and/or much more difficult to steal or break into. We won’t go into car theft prevention measures here, but we do in this article about better protecting your car against theft.

 

In the article that follows below, we explore theft-related car insurance coverage – the different types of car insurance cover that relate to a theft situation.

 

 

What Does Insurance Cover If Your Car Is Stolen?

There are three main types of car insurance cover and not all will cover you for theft. When it comes to theft and any damage related to it, here’s what these types of insurances from PD Insurance cover you for…

 

Comprehensive Insurance:

  1. loss or damage to your vehicle, up to the agreed value, as a result of the theft
  2. hire car after theft (up to 14 days)
  3. reasonable costs (up to $1,000) to replace/recode keys or locks if they are stolen, providing you report the theft of your keys to the police
  4. new vehicle after total loss (if the loss/theft occurs within first 12 months of the original car registration)
  5. emergency repairs that enable your vehicle to be driven home after it has suffered loss or damage (up to $500)
  6. cost to remove debris that falls from your vehicle
  7. windscreen repair
  8. loss or damage to your vehicle as a result of a collision with another vehicle where the owner or driver of that other vehicle was at fault and is not insured for your damage (max. $5,000 for any one accident)
  9. towing your vehicle to the nearest repairer or place of safety and storing your vehicle from when you report the claim to us until we settle the claim (if your vehicle can’t be safely driven)

 

Third Party Fire & Theft Insurance:

  1. loss or damage to your vehicle, up to the agreed value, as a result of the theft
  2. hire car after theft (up to 14 days)
  3. loss or damage to your vehicle as a result of a collision with another vehicle where the owner or driver of that other vehicle was at fault and is not insured for your damage (max. $5,000 for any one accident)
  4. towing your vehicle to the nearest repairer or place of safety and storing your vehicle from when you report the claim to us until we settle the claim (if your vehicle can’t be safely driven)

 

Third Party Property Damage Insurance:

Does not cover you for theft.

 

If you’d like further information about these insurance types, please visit the car insurance PDS area of our website.

 

 

Does Car Insurance Cover Stolen Items?

 

Typically, contents stolen from the car (such as your phone) won’t be covered by your car insurance. Make sure you take your precious items with you.

 

Having said that, some insurance companies (like PD Insurance) offer vehicle contents insurance. Theft-related car insurance coverage varies from company to company. Do your research and you’ll discover what’s best for you.

 

 

Recovering From Car Theft

 

As you can see, taking out car insurance goes a long way to helping you get back to square one after the theft of your vehicle. If you value your car think seriously about insuring it properly.

 

If the unthinkable happens and your car is definitely stolen, don’t panic. We’ve covered what to do next in this article.

 

And remember, there are plenty of ways to help prevent your car or its contents being stolen. A few extra safety steps may make all the difference.

 

 

Over To You

 

Have you gone through some kind of car-related theft? Do you have any insights to share? Let us know.

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