Question 1

Q1. How does car theft insurance work?

Accepted Answer

Ans: Car theft insurance pays you the actual cash value of your vehicle if it’s stolen and not recovered. It also covers damage from theft attempts.

Question 2

Q2. Does insurance pay out for car theft?

Accepted Answer

Ans: Yes, insurance pays out for car theft when you have comprehensive coverage. Liability-only policies do not include theft protection.

Question 3

Q3. Will my rates go up after a theft claim?

Accepted Answer

Ans: In many situations, rates do increase after a theft claim, especially in high-risk areas. However, some insurers may waive the surcharge depending on your policy and claim history.

Question 4

Q4. Can you insure a car just for theft?

Accepted Answer

Ans: Yes, theft-only or fire-and-theft insurance policies exist. They cost less than full comprehensive coverage but provide limited protection.

Question 5

Q5. What documents are needed for a car theft insurance claim?

Accepted Answer

Ans: You typically need a police report number, vehicle registration, driver’s license, proof of insurance, all copies of your car keys, and documents showing ownership or upgrades.