Yes, comprehensive insurance covers your stolen car if keys are left behind. This insurance policy includes car theft, among many other things. Upgrade your basic auto insurance policy to full coverage to have this protection.
Comprehensive coverage protects you from surprise accidents and events, including:
The average cost for comprehensive coverage is $121 a month.
To get even more protection, buy full coverage (liability, collision, and comprehensive insurance). On average, it costs $2,390 per year ($200 per month) for this policy.
Progressive provides full coverage at a competitive average rate of $2,393 per year. Contact Progressive to get an easy quote, today!
The cost of your deductible is pre-determined when you buy your auto insurance policy.
To get this policy with zero deductibles, you're charged an additional fee. Ask your insurance provider about this option if you want to remove deductibles.
Insurance companies don't immediately file claims for stolen cars because your car might be recovered by the police investigating your theft. Wait at least 30 days before you start the process of receiving your insurance payout.
Your insurance company files a total loss claim if 30 days go by with no trace of your car. You're required to speak with your insurance adjuster about the current market value of your vehicle.
If you've got a lienholder, get them to sign over your car's title to your insurance provider.
Once your car's market value is agreed upon, you receive your insurance payout, minus your deductible. Unfortunately, this amount isn't a penny over what your vehicle is worth, so don't expect an upgrade.
When your insurance claim gets settled, you no longer have ownership over your stolen car. If your vehicle gets recovered, it belongs to your insurance company.
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