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Q

I have storage insurance on my car is it covered if stolen or vandalize?


A

It will depend upon the terms of your storage insurance that you have on your car while it is not in use. If you plan to store your car away for any period of time you can see if you are able to keep a Comprehensive only storage insurance policy on your vehicle.

With a Comprehensive storage insurance policy you would be covered if your car was vandalized or stolen. Comprehensive covers your vehicle for Other Than Collision (OTC) incidents. For example, Comprehensive insurance covers damage to your car if it is stolen; or damaged by flood, fire, or animals. It pays to fix your vehicle less the deductible you choose.

Coverage that you have on your vehicle during its storage period is limited to the terms and conditions contained in the auto insurance policy you have on it so you would need to read through the specific coverages your storage insurance covers your vehicle for.

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Keep in mind if you are only keeping Comprehensive on your car and not Liability or the state's minimum insurance coverages than in many states you must turn in your registration and plates to the Department of Motor Vehicles so you are not penalized for a lapse of coverage. There are a few states though that have seasonal registration or you can suspend your registration on which may be an option in your situation so contact your DMV to find out.


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