No it is considered stolen if someone currently has something of yours in their possesion without your permission.
You should report the theft immediately to the police and to the car owner's insurance company.
Call the cops. File a report. Call your insurance company.
No. But if you get your money stolen and you don't file a police report, you won't get your money back. If you get your car stolen and you don't file a police report, you won't get your car back. If you get your jewelry or furniture stolen and you don't file a police report, you won't get your jewelry or furniture back. If you get your car stolen and you don't file a police report, you won't get your car back. If you get your bike stolen and you don't file a police report, you won't get your bike back. The point is if you get something stolen and you don't file a police report, you won't get your stuff back. But they're not allowed to put you in jail for refusal to report a stolen car, bike, jewelry, money etc. You won't go to jail for refusal to report a stolen object, but whatever you got stolen, you won't get it back.
It is not a necessity, but is a very important thing to have. If you were to get into an accident or have something stolen, the insurance company can give you something for the damage.
If the ATV was in a garage locked up your home owners insurance should cover the lose. If it was on your truck in the yard or just sitting somewhere your ATV insurance should cover the loss. Just call them and they will answer you. Make sure you file a police report
You can't just cancel a claim. It is basically up to the Insurance co. to either aprove a claim or deny it. However, it the vehicle was stolen, it is your resposibility to provide a police report proving that the vehicle was indeed stolen.
Typically they need a police report.
When your car is 'stolen", you file a stolen car report with the cops. Then your INSURANCE will pay off the loan. The lender will deal with the insurance co. and alls well. You dont have a car, but no payments either. BTW, the insurance co. HAS to be sure its stolen or they wont pay the loan off.
i would report it stolen. if the payments are made the loan company can and probably will come after you for the money. If you report it stolen to the cops you can at least report it to the insurance company and the loan company and that should remove your responsibility.
You'll need to report it stolen. The insurance provider will require a police report before they'll honor your claim.
You need to read your insurance policy. Different states have different requirements for such notification. You would need to do it quickly though.
It can. Depends on the item & your deductible.