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Insurance360 | Does Car Insurance Cover You if Someone Breaks Into Your Car? - YouTube
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The entire purpose of getting insurance coverage for your vehicle
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is to measure financial protection when the worst happens.
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But do you know all that your current auto insurance coverage protects you?
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What happens if your car is burgled?
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I鈥檒l be bringing answers to these pressing questions and more today.
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Thank you for tuning in to today鈥檚 special edition of the Insurance360 Video Series.
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Call me Jun, and I鈥檒l be your host on today鈥檚 show.
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Together, we鈥檒l take a deep dive into what to expect your vehicle insurance to cover
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when the worst happens, and your car is broken.
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The Insurance360 Video Series helps you gain an in-depth understanding of the world
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of auto insurance and how it works today.
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So, if you get caught in an auto insurance issue and you don鈥檛 know what to do,
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you have a well-grounded guide to see you through!
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Hit that Like and Subscribe button, navigate to your settings,
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turn on notifications, and you鈥檙e good to go!
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No one exactly plans for it, but the sad reality is that car break-ins and thefts
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are becoming an increasingly common occurrence all over the country.
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A recent car theft statistic showed that this crime
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had risen more than 20% in the last decade alone!
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Luckily, this is why auto insurance exists!
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However, you must keep in mind that simply because you have a valid auto insurance policy
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doesn鈥檛 guarantee that you are insured if your car gets burgled.
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It is because there are different types of auto insurance.
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These various types of coverage, in turn,
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extend multiple levels of protection to your automobile.
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The three types of coverage available to vehicle owners are;
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The Third-Party Coverage
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As the essential coverage policy you can get for your vehicle,
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you cannot get this type of coverage to cover the cost of repairs
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or replacement to any stolen part of your vehicle or any item inside.
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The Third Party, Fire and Theft Coverage
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Being a significant step up from the previous insurance coverage,
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this type of coverage offers you some measure of financial protection
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if someone breaks into your car.
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It is worth keeping in mind that the exact circumstance of the break-in factors into
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whether or not you get compensated for the incident.
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The Comprehensive Coverage
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Under Comprehensive coverage,
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you are entitled to file a claim for a full payout if your vehicle is robbed.
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However, this policy will pay out for replacing parts of the car stolen
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from the car during the break-in.
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It will replace your car stereo, wipers, and air conditioning system,
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but you are not entitled to any compensation if you lose your laptop due to the same incident.
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In essence, once you see signs of vehicle burglary
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and you follow the standard procedure of reporting the incident to the authorities,
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you can expect a payout accordingly.
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In conclusion, this is without a doubt the best type of coverage you can have on your vehicle
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should it fall victim to theft or robbery.
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Enjoyed this video?
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Then don鈥檛 go without leaving it a Like and Subscribe.
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Also, tap your settings button and enable notifications to our channel.
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That way, you get to see more great videos like this!
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