The holiday season is a wonderful time of year full of family affairs, giving, and good will. But being knee-deep in holiday cheer may cause you to let your guard down and forget to take precautionary measures, like remove items of value from your car. Each year, thousands of dollars worth of merchandise is stolen from unattended vehicles during the holiday season. Since it’s in your vehicle, you may think that the stolen items will be covered under your car insurance policy. But that’s not necessarily true.
Terms of Comprehensive Coverage
Comprehensive coverage on an auto policy isn’t totally comprehensive. It will cover damage to your car and the loss of any equipment that is attached to it, depending on your deductible, but doesn’t cover loose possessions inside the vehicle. This means that broken windows will be covered, but your nephew’s new PS4 unfortunately will not.
According to Jeanne Salvatore, senior vice president at the Insurance Information Institute, stolen possession recovery actually falls under homeowners or renters insurance. In the event that your homeowners or renters insurance policy covers items stolen from your vehicle, you are still responsible for paying your deductible.
Free Purchase Protection Benefit
If your policy does not cover stolen items, another option is to file a claim directly with your credit card company. If the purchase protection benefit is offered, purchase protection will typically cover most purchases made with the card for up to 90 days, barring certain limitations of course . Check with your credit card company on their purchase protection policy.
The best strategy for keeping your possessions and purchases safe, of course, is to take valuable items out of the car when you won’t be there to safeguard them yourself. If there even appears to be a valuable item in an unattended vehicle, crooks are likely to check “just in case.” While your stolen items will not be covered in the event of a break-in, having comprehensive coverage on your car will still cover damage to the vehicle itself. For any questions you may have on car insurance quotes in Las Vegas, contact Accupro Insurance today to speak with a member of our knowledgable staff.