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QuestionInsurance Question  How long do I need to keep insurance on my car which was recently stolen and why?

AnswerAuto Insurance Answer

You should speak to your insurance agent to determine how long you will need to keep insurance on your vehicle that was recently stolen. If you have comprehensive coverage which you are putting in a claim for your stolen car, you typically would want to keep your insurance in effect until the settlement is complete.

It could be that your car will be recovered before your settlement is finalized and your vehicle will come back to you. If this does happen you will want car insurance to still be covering it so that you do not have a lapse in insurance for the vehicle.

If you continue to pay insurance on the vehicle and it is not recovered, this might result in an overpayment of your insurance premium. If this occurs, discuss the issue of a refund with your insurance company.

For future reference read our article 10 Ways to Prevent Auto Theft.

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