What To Do If Your Car Is Stolen Without Insurance in London
Losing anything to theft is an awful feeling. However, if your car is stolen without auto insurance, it is pretty tough. You can claim car insurance if you have comprehensive coverage. But, the thought of having your car stolen without insurance is quite harsh. You are out of luck if you do not have a vehicle insurance policy.
If you have an auto loan on the stolen vehicle, contact your lender or financing institution to inform them of the theft. They may have specific requirements or procedures for dealing with stolen vehicles.
Make sure to contact the car insurance companies in London to avail of a policy with the lowest car insurance rates!
Insurance Covers in London For Stolen Cars
General insurance for your car will not cover auto theft if you have basic liability insurance for your car. Only comprehensive insurance coverage will cover car theft.
The following are the three kinds of car insurance:
- Liability Coverage: It is needed across every state. It includes property damage and accidents leading to body injuries liability coverage. It will safeguard other driver's on-road and the property you have damaged.
- Collision Coverage: The cost to repair your vehicle after this coverage covers a collision.
- Comprehensive Coverage: It is the coverage option covering damages not related to an accident that includes collision with an animal, theft, hail damage, fallen tree branches, and more.
Does car insurance cover personal items?
What should you do if your car is stolen? Consider that you have car insurance. You may have to file a police report. A policeman or policewoman, commonly referred to as a Bobby in London, will come to gather the facts and to make sure that there are no insurance scams. The insurance company processes the claim and then pays out the actual cash value for your car. Insurance providers, such as Zego, offer various plans that can safeguard your vehicle and provide support if your car is stolen or damaged in non-accident incidents.
Always be prepared to ask a question. The vehicle owner is often the main suspect when the car is stolen. Insurance companies lose billions on scams each year. Before paying the claim, the insurer does everything possible to rule out fraudulent activity.
A few insurers even impose a waiting period for every stolen vehicle. If your stolen car is recovered in that time, then the insurer will not pay out the vehicle claim.
If your stolen vehicle is not recovered, the insurer will not suspect any scams. They will then reimburse you the real cash value of your car. Lastly, you will get a cheque for the pay-out amount after deducting whatever is deductible.
What prevails when your car is stolen without insurance?
If your car is stolen without insurance, then you will not receive any reimbursement for your vehicle. But it is in your best interest to operate through a few specific requisite steps as you can recover your vehicle.
1. Ensure That Your Car Is Stolen
Several people may believe that a stolen auto vehicle has not been stolen. You may have parked your car in a different location. A friend or an acquaintance may have borrowed your car, and you may have parked your car in a different location. Always take a minute to assess the situation and keep in mind where you have parked.
2. Call the Bobbies
After you know your car has been stolen, it is time to call the cops. The sooner you call them, the better the chances of recovering your vehicle. You may have to file a report with the cops and tell them everything about your car, including the make, model, vehicle registration number, and where you parked your car. Keep a copy of the Bobby's report handy.
3. Report the Stolen Car to the DMV
The DVLA will maintain a database for stolen vehicles and then work with the cops to recover the vehicles stolen. Report the stolen car to the DVLA sooner rather than later.
4. Look Out for Your Car Yourself
The bobby will search for your stolen car. While they are searching, you can also take matters into your own hands. Go through Gumtree and similar websites for your stolen car. Check out the listings across your neighbouring cities and boroughs. The thieves may sometimes evade the local police by selling the vehicle in the neighbouring area.
Determining The Car Insurance Pay-out
Is the insurance covering the contents of your vehicle?
The comprehensive coverage will cover your car as it does not cover the contents of your vehicle. You can also make the claims if you have a renter or homeowner’s insurance coverage.
What happens after the car is recovered?
Get in touch with the insurance company in London instantly if your car is recovered at any point before, during, or after processing the claim. The company will then make a damage assessment. The car is considered a complete loss, and the insurance company will reimburse you for the real cash value of the vehicle. The smaller damages on your vehicle are also repaired to make the car whole again. If the car was fitted with a dash cam, there may be evidence that can help you with your claim.
What happens after the leased or financed vehicle is stolen?
You may have to report the property to the leasing company sooner when a leased or financed vehicle is stolen.
If you wish to get your car covered at the lowest car insurance rates, it is important to have car insurance in London. Numerous stolen vehicles are recovered in a couple of weeks. Always be patient and allow the bobbies to do their work so you can get your car back in the future.
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