Valuables stolen from your vehicle by forced entry, are ONLY covered under your Home or Renters insurance. As opposingview.com states:
Comprehensive Insurance
Items stolen out of your car fall under the
comprehensive coverage portion of your auto insurance. The good news is
comprehensive insurance covers damage to your car in the event of a break-in.
So, things like a broken window, damaged glove box and jimmied lock are
covered. The bad news is even if you have comprehensive coverage, auto
insurance policies typically don’t cover personal belongings stolen from your
car — the things you left on the seat, in the trunk or in the glove
compartment. In this case, that would include the laptop and the gym bag.
Bolted Means Covered
If the item stolen is a permanent part of your
car, like a steering wheel or rear-view mirror, it is covered against theft.
The same goes for items that are “bolted” into the car, like the stereo or GPS
system that came installed in the vehicle directly from the factory. If you
have added custom parts to your car that are not meant to be removed, such as
speakers inside the car doors to amp up that factory stereo system, they are
covered too.
Removable Means Not Covered
The rules on coverage get a little hazier when
it comes to items added to your car that can be removed. If you installed a
stereo that can be popped in and out, for example, and it’s stolen, typically
it won’t be covered by your car insurance. The same goes for portable GPS units
and CD or DVD systems that can be removed completely from the car.
Try Homeowner’s Insurance
Having a computer, stereo system or GPS device
stolen can be a big financial blow. But not all is lost. If your auto insurance
doesn’t cover the theft, there’s a chance that your homeowner’s policy might.
Instead of “replacement value” for your lost property -- a new GPS to replace
the stolen guidance necessity -- most homeowner’s policies pay “actual cash
value,” which means the amount you paid for the item minus depreciation. So, if
your GPS system cost $400 but you bought it two years ago, you will probably
receive less than half of that amount, and don’t forget that you’ll have to pay
your deductible too.
Proof of Loss Required
When it comes to getting reimbursed for stolen
items from your insurance company -- auto or homeowner's -- the key is to have
your paperwork in order. First, you must provide proof of loss by filing a
police report. Second, you need some kind of receipt showing how much you paid
for the stolen item. If you can’t find the receipt, try going back to the store
or visiting the website where you made your purchase. In many cases, you’ll be
able to quickly and easily print a copy of the receipt and be on your way to
replacing the item without too much money coming out of your pocket --
hopefully. After all, the car break-in was bad enough.
Give April Schaffroth's Farmers Insurance Agency a call at 602-297-5155 to make sure you are properly covered.
www.insuranceinaz.com
No comments:
Post a Comment