Your Car Got Stolen- What To Do Now?
Reader’s Question
How does car theft affect my car insurance and what can I do to prevent it? my friend’s new car got stolen here in Clifton, New Jersey and found out they’re insurance wont cover the total price of the vehicle. I don’t want the same thing to happen to me.
Amanda
Clifton, NJ
Car theft, its a nightmare! Plain and Simple. Car theft costs has amounted to Almost $8 billion dollars as of 2008 and it seems that the number of incidences will not go down any time soon. Not only does it cause a lot of emotional distress, car theft also wreaks havoc on your finances especially on your auto insurance. As a victim, you would have to deal with all the paperwork and file all police reports in order to get a claim and, hopefully, your insurance policy will reimburse you for the full amount of your stolen vehicle, barring any complications with the insurance company.
You would want to avoid this at all costs so here are a few things to remember on how to protect yourself against car theft, and your car insurance rates from climbing:
Add additional safety mechanisms – Shop around for after market vehicle security systems, its worth the investment, since most of the time the security features of even the newest models can be overcome by very experiences (and very determined) thieves.
Review your insurance policy – Just because you can say you have car insurance doesn’t mean it will actually cover you in the event of a vehicle theft. Read and understand the term of your policy and know exactly when and how your car is covered.
If your car there in Clifton, New Jersey does get stolen contact the police to file a report immediately. Also get in touch with your insurance agent as soon as possible.
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