TOPIC: WHAT TO DO WHEN CAR REGISTRATION AND INSURANCE CARD GET STOLEN USA 2021
When to report a stolen car to your insurance company?
What to do about the registration of your stolen car?
These are some questions that you may question yourself
after this enormous mishap.
Motor Vehicle theft is rather a common crime in
the USA but do you want to be a part of this trend?
Of course not! According to an FBI report from the year 2019,
no one wants to, but there were more than
700,000 vehicle theft cases accounted for more than
4 billion dollars in theft. So it may just be your bad luck
that you become one of the victims of this crime.
So who to report first about a stolen car?
It’s easy, always call the police and be as honest as possible
with them like if you have a GPS device, that’s good,
tell them about it as it would
help them in tracking down your stolen vehicle.
Other than that, inform them about your vehicle color,
Vehicle Identification Number (VIN), make, model, etc.
These are some of the necessary steps that you have to take
because if you don’t do this, then your insurance won’t be able to help.
If your vehicle is leased or financed,
you should contact them at first as well because
all these steps are important in streamlining the legal process
and
afterward, you can reach your insurance provider.
Make sure to do this at the earliest because
if you don’t do it, then you could be in trouble
because now you have lost your vehicle and
also if any crime is being committed by that car,
you will be held responsible.
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WHAT WOULD HAPPEN TO MY OWNERSHIP OF THE STOLEN CAR?
Table of Contents
You are aware of the Vehicle Identification Number or
you must have heard VIN, this is just as important as
your social security number. So you may wonder that
why someone would steal car ownership?
It’s easy, they can use that information for
other stolen vehicles or even for duplicate keys and
you know what the worst part is,
it will be the car owner who will be held responsible.
It is better to change the insurance so that this trouble could be avoided.
HOW TO REPLACE STOLEN CAR REGISTRATION?
It is not a good feeling if the registration of our car gets misplaced.
That moment is scary for you but in most cases,
if we stay focus, we should contact
the Department of Motor Vehicle (DMV) as they will
provide us a lost car-renewal form,
from where we can file for registration papers, license plates, etc.
If you have lost the registration paperwork,
which frankly gets lost, damaged, stolen,
or misplaced more often, that can easily be retrieved
by the DMV office, you just have to visit there in person
and the procedure is not so difficult or expensive.
WHAT TO DO IF MY CAR IS RECOVERED?
It is a moment of joy but what you have to do is to
have a thorough check-up of the car because
comprehensive insurance is liable for your car only not
what was inside like your cell phone, laptop, or any other equipment.
If you have acted smart and reported to your insurance
provider about the stolen vehicle right after it was stolen,
you can sigh in relief because insurers usually
have 30 days of accepting the loss on the stolen vehicle.
A claim adjuster should examine the vehicle that is retrieved.
Once the insurer inspection is finished,
you will receive the payment.
There will be some deductibles
and
some depreciation amounts.
As an owner, you will have the right to bargain
with the insurance company but if your car is leased,
then the amount will directly go to them.
IS COMPREHENSIVE VEHICLE INSURANCE COVERAGE A VIABLE SOLUTION?
The insurance company covers the stolen vehicle
that comes under comprehensive coverage,
but if you are looking for insurance for your stolen car,
that will not happen.
It is recommended by different states to go
for comprehensive coverage because several things
are covered in it like water damage if something falls on it,
or even vandalism. This coverage plan will cover all
the important things about your car like its parts and the car.
Even if the thief has done some damage to your car,
it will be covered in comprehensive car insurance.
Keep in mind that all the customization that
you have done to your car like a high-profile music system
or
any decorative pieces, will not be covered
because it is strictly related to your car.
WHAT PRECAUTIONS SHOULD I TAKE NEXT TIME?
You can always be a responsible person and be careful next time.
You just have to follow some simple steps as a
a routine like installing a GPS with
an alarm, lock the vehicle all the time,
windows should be closed, the vehicle
should be parked in a safe zone, and
very importantly, the ignition switch should always be off
when not operating.
These are some small steps that
should be used as a precaution.
IMPORTANT LAWS IN SOME STATES OF THE USA
New York has a rule that to register the vehicle,
you should get it insured at the same time.
If you are getting someone else car,
then it would be an automatic thing that
car is auto insured already in the first owner’s name,
so you have to get that transferred as well.
In California, it is also the same
where a car needs to be insured before it gets
registered but it is not necessary that names
on car owner and insurer have to match.
Their only concern is that car should be insured
but it doesn’t matter if the owner is different.
You will have to apply for a brand new title in Indiana
i.e. you have to find the state’s DMV and
follow their rules to add a name in car registration.
If the car is leased, you have to talk to the insurance company.
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CONCLUSION
The USA has a very high rate of stolen vehicles
and
improvements are being made but there is
nothing wrong with being a little careful.
Each insurance company and the state has its own rules
and laws that should be strictly adhered to.
There is a chance of identity theft as well
when the car gets stolen so be very careful
and
inform the police and your insurer as soon as possible
to avoid any trouble. You should report your
stolen car as early as possible.
Always be honest when reporting about
your vehicle because if you don’t do that,
and try to be over smart, it will backfire.
If your car gets recovered, make sure to have
a thorough look and inform your insurance company
to have a look so they can evaluate in detail that
what changes have been made in
the vehicle in terms of damage.
CONCLUDED WHAT TO DO WHEN CAR REGISTRATION AND INSURANCE CARD GET STOLEN USA 2021