Car Theft and Vehicle Arson
In 2008, over 950,000 vehicles were reported stolen in the United States, meaning that approximately one vehicle was stolen every 33 seconds. The overall odds of having your car stolen were 1 in 210 in 2006, according to the FBI. Car theft is much more common than many of us may realize. If you live in a high crime area or are just a concerned driver, you may want to consider comprehensive coverage for your vehicle to protect yourself in case your vehicle is stolen. Without comprehensive coverage, you may not be able to recover any compensation if your vehicle is stolen.
A common problem associated with car theft is vehicle arson. Often a car thief will steal the vehicle and take it for a reckless joy ride, then torch it once the ride is finished. The purpose of arson is to cover up any evidence that could be used to find the suspect who took the car. Many car thefts result in a total loss because the vehicle is so extensively damaged.
Comprehensive coverage is designed to protect your investment from non-accident damages such as car theft and vehicle arson. If your vehicle is stolen, the authorities and your insurance company will do their best to recover your car. Sometimes cars are found with little damage, but many are not so lucky. If this happens to you, you can claim damages to your car under your comprehensive coverage plan, as well as damages for lost property that was in your car.
To learn more about protecting your vehicle from car theft and vehicle arson through comprehensive coverage, contact the friendly Chicago car insurance agents of Insure on the Spot today at 773-202-5060.