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If a car is stolen and has an accident within 24 hours is the car owner's insurance responsible?
Wiki User
∙ 8y ago
Your insurance company should cover the risk.
Good question. Doesn't the answer depend upon each insurance carrier's T&C? Do individual state laws trump policy limitations?
This answer fully depends upon both the language in your policy and the laws in the state where you reside. However, in general if you car was stolen and the person who stole the vehicle is involved in an accident, your policy would cover any damage to your vehicle however you would not be held responsible to any damage caused to others as a result of that accident. Be prepared for a thorough investigation by both your company and the company for the person whose vehicle was damaged because of this accident. Unfortunately in my experience, too many people cause accident due to intoxication or other and flea the scene then create a story about the vehicle being stolen to avoid paying the penalty for both their crime and damages to others.
It also depends on whether you have full coverage insurance or not. If you do, then the above is correct, but if you carry liability only, they will cover damages to others property, but not yours.
Wiki User
∙ 8y ago
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If a car is stolen and has an accident are the vehicles hit covered by insurance?
no
If a stolen car hit a parked car can the stolen cars owner not be held responsible even if a police report for the stolen car was placed after the hit and run was filled?
Assuming the stolen car was insured, the stolen cars insurance would be responsible. If the stolen car was not insured, the driver, if located would be responsible. If not located then the owner would probably be held responsible. Hopefully the struck vehicle is insured for "uninsured motorist" coverage. Filing the report after the accident would document the theft, but not neccesarily clear the owner of responsibility.
How does homeowners insurance work when stolen items are recovered?
Once the insurance company has paid the claim for stolen items they become the legal owners of the items.
Is the owners insurance liable in a Hit and run stolen car?
victim compensated in hit/run stolen car
Is money stolen from an ATM covered by home owners insurance?
No, Money stolen from your Financial Institution is covered by your Financial Institution
Is student insurance a necessity?
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.
Is a stolen motorcyle covered under home owners insurance?
No. It covered under a motorcycle policy.
If I have property stolen from a friends car should their home owners cover the loss or mine?
Neither homeowner's insurance will probably cover property stolen from a car. Homeowner's insurance usually only covers stuff stolen from your home. However, the automobile insurance policy might cover it.
Will home owners Insurance cover tools in a vehicle that was stolen?
Yes under personal property/contents
Does home owners insurance cover money stolen from your house?
It will likely cover up to $200. Good Luck.
Does gap insurance cover a repossession?
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
If your auto is hit by a stolen vehicle who will pay for losses like deductibles and other expenses?
You or your insurance company. The owner of the stolen vehicle would not be responsible because their vehicle was stolen and the driver of the stolen vehicle's insurance would not cover it because he was driving a vehicle that was not on his policy and he did not have permission to drive.
