Is your auto insurance sufficient for where you drive or park your car? It happens too many times to count: Parked cars are often easy marks for thieves looking to grab phones, GPS devices, mp3 players, whatever they can get their hands on. Most parking garages have signs everywhere warning patrons to lock valuables in the trunk or glove box or to take them out of the vehicle. However, despite the warnings, statistics indicate that cars in a parking garage are more likely to be broken into than a car parked on the street or in front of a home.
Many times, when a car is broken into, the owner figures that the stolen items are simply a loss. Especially if only one or two items were stolen, they may assume that it will not be worth it to file a claim or that the amount of the items will not meet the deductible. However, it is always a good idea to check your policy or contact your auto insurance company to check. Auto insurance is not a one-size-fits-all equation, and you may have benefits of which you are unaware.
Some policies have coverage for damage that is caused by something other than a collision. Usually, we anticipate that if our auto is going to come to any harm, it will be because of a crash. However, cars can be damaged from fire, theft, flood, hail, vandalism, and many other things. Although it is not necessary for drivers in most states to carry insurance for situations such as these, many policies do include coverage for damages that result from situations other than collisions. Even if you cannot be compensated for items that were stolen from your vehicle, you may be able to recover the cost of repairing any part of the car that was damaged during the break in.
Some articles that were in the vehicle may actually be covered under your homeowner’s or renter’s insurance. Even though these forms of insurance normally only cover articles that are in your home or apartment, some policies make provisions for the fact that you often take valuable possessions with you when you leave your residence. It is worthwhile to ascertain if your personal property insurance policy will cover the replacement cost of any items stolen from your vehicle, even when your auto insurance will not.
Of course, the best course of action is to make sure that there are no valuables left behind in your vehicle for anyone to steal, but since that is not always practical, and since you normally are not worried about theft until after it has occurred, it is a good idea to find out what sorts of things are covered by your auto insurance and to consider increasing your coverage if you determine that it is inadequate for your needs.