What Does The Insurance Company Do When Your Car Is Stolen?

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   Mark Bartlett CLCS

   Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers

   If you car is stolen and not recovered then the insurance company, providing you have comprehensive coverage, will determine the actual cash value of your vehicle and then write you a check for the stolen vehicle. You will have to relinquish the title over to the insurance company. If you had a loan on the vehicle the loan will be paid off first and you will receive what ever is left. If you do not have comprehensive coverage then you have no coverage for the loss. If you car is recovered then it will be determined if the car is repairable or a total loss depending on the condition the car is found in. Most insurance companies will wait 30 days to see if the car is recovered or not then just call it a loss at that point if the car is not recovered.

   Answered on September 26, 2013

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