What You Need to Know About Reporting a Stolen Car
Would you be able to envision how it would feel to stop your car some place, just to think that its missing later on? Numerous individuals encounter this disaster every day. Truth be told, as per CNBC.com, "Around 800,000 to one million cars are stolen in America each and every year." These numbers are exceptional, making car robbery a typical event the whole way across the nation. This additionally implies the insurance guarantee process can be very intricate and dreary.
On the off chance that you are set up to report your car as stolen, there are a couple of imperative things you should think about car insurance inclusion for stolen vehicles, and additionally the examination procedure for car robbery claims. Keep perusing to realize what you have to think about recording an insurance guarantee for a stolen car.
FIRST: Was Your Car Really Stolen?
Once you have noticed that your car is missing, it is wise to reconsider all the possibilities before making an insurance claim and police report. You can check for parking signs to see if it had been towed, ask friends and family if they borrowed your vehicle, or call your car loan company to see if it was repossessed. When there is no other possible reason for your car to be missing, then it is safe to move forward with filing an insurance claim and police report.
Insurance Coverage for Stolen Cars
In order to have insurance coverage in the case that your car is stolen, you must have comprehensive coverage on your insurance policy. This is something that is required in all states. If your vehicle is stolen off of your personal property, you cannot file it under your home owners' insurance policy; you must have an auto policy with comprehensive coverage to cover the loss.
Car Theft Claims Process
When you are sure your car has been stolen, you must report it to the police immediately for documentation. At the same time, you must notify your auto insurance carrier. Most carriers operate using a 30-day claim waiting period to see if the car is ever recovered, which generally begins on the date of theft. Furthermore, comprehensive coverage does not cover personal belongings that are stolen out of a vehicle. Items like phones, computers, clothing, jewelry, equipment, and more, could be covered in a renter's or home insurance policy, but not in an auto policy.
Car Theft Investigations
Car theft claims are taken very seriously at insurance companies. They are investigated closely by adjusters to ensure that fraud is not at play. Filing a fraudulent car theft insurance claim is a felony punishable by prison time, fines, and more. They will record all conversations with clients, and ask very detailed and intrusive questions. As long as you are not committing a crime, you shouldn't take the investigation process personally. The insurance adjuster is just doing their job.
Hire a Criminal Defense Lawyer for Fraud Charges
Fraud crimes are charged as either misdemeanors or felonies, depending on the particulars of a person's case. If you were recently arrested on facing fraud charges in Indiana, you are facing hefty fines, imprisonment, and other severe penalties. The best step you can take toward securing your rights and protecting your freedoms is calling a licensed fraud lawyer for tough and aggressive criminal defense; otherwise, you risk be sentenced to the maximum levels of punishment in Indiana.