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If your car is stolen, how long do you have to wait before the insurance company has to pay?

Many factors determine how long it will take for your claim to be paid. You may have to wait a specified period of time before your vehicle is considered to be unrecoverable. Most companies have a 48 hour waiting period in the event of a theft. Afterwards, your claims adjuster will begin processing your claim. He or she may attempt to locate a vehicle in 'like' condition to replace yours or to determine its actual cash value. You should contact your claims representative and ask how long they estimate it will take to process and pay your claim.

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This car insurance question was asked on 9/10/2005
This auto insurance answer was last updated on 9/20/2005
Steven requested this car insurance solution.
Rated 10 out of 10 based on 2 votes.
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