Does Your Auto Insurance Cover Theft?
It’s not a fun scenario to imagine: it’s late in the evening and you’ve just gotten off of work. As you’re walking out to your vehicle, you approach your parking spot. It’s empty; your vehicle has been stolen. After you’ve filed a police report, what happens next?
Auto Insurance: Recouping Your Loss
If your auto insurance policy has comprehensive coverage, then you will be financially compensated for your stolen vehicle. It’s important to contact the police first. Then, after you’ve called the police, call your insurance agent as soon as possible, both to get the ball rolling on receiving compensation for your loss, and so that they can help protect you if your car is used to cause harm or damage after it is stolen. You’ll be financially responsible for whatever your deductible is on your policy first. Your insurance agent will want you to provide a thorough description of your vehicle, where your keys were at the time of the theft, was the car locked, and any personal belongings that you had in your car.
What Will I Get Back?
In most cases, your comprehensive insurance will pay out the Actual Cash Value (ACV) of your vehicle, minus your deductible. The ACV is calculated based on an assortment of data, including your vehicle’s make and model, its condition ratings, accident history, and mileage.
Carrying comprehensive coverage in Las Vegas, Nevada ensures that if the unexpected happens, you’ll be able to recover from it with minimal financial inconvenience and interruption to your life. To learn more about comprehensive coverage and to find out if your policy provides financial protection if your car is stolen, contact your insurance agent.
Avoiding Theft With Nevada Insurance Enrollment
Navigating through the many options of insurance can be confusing and overwhelming, but speaking with a locally licensed insurance agent will help you to obtain the right coverage you need. You’ll have the peace of mind knowing that you are adequately insured when life complications arise. We work hard to find the most competitive quotes for your needs. Contact us today to begin the process of finding the best insurance plan for your family.
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What is Subrogation?
Even if it’s been determined that you definitely are not responsible for the accident, you can file a claim under your own comprehensive coverage and pay your deductible. Then, because it’s the financial responsibility of the at-fault driver and their insurer to get you back to pre-accident condition, your insurance company would use subrogation to file a claim with the other insurance company. This will allow them to get back any money paid out for repairs, including your deductible.
Nevada Health CO-OP Calls it Quits
Nevada Health Coop will NO LONGER be offering insurance after 2015. They will continue to be operational throughout 2015, so if you happen to have Nevada Health CO-OP as your insurance company, your claims will still be paid. You can still go to doctors, however, you’ll need to select a new plan for 2016