Preventing Car Theft During the Holidays in Texas

Texas · Auto · Theft

A stolen car is a comprehensive claim, if you bought comprehensive

Holiday crowds do not change the contract. Theft of your car is comprehensive, often called other-than-collision, after that deductible. Collision is a crash. Liability pays other people. Renters insurance does not pay for the car in the driveway or the mall lot. Locking the doors is useful. It is not a coverage.

A total theft is usually actual cash value. Actual cash value is replacement cost minus depreciation. Many personal auto forms pay that for a stolen car, unless you bought a stated-amount, agreed-value, or new-car replacement endorsement and it applies. If you still owe more than that value, gap insurance is the endorsement that can pay the difference. It is not included in “full coverage.” Full coverage means liability, collision, and comprehensive. Rental reimbursement, while you wait, is its own line. It is not automatic.

What comprehensive is, named in another state so the word stays precise: comprehensive. Why the apartment policy is the wrong place: does renters insurance cover auto theft. Collision versus comprehensive in Texas: the difference for Texas drivers. Collision, which this claim is not: collision in Texas. The policy: Texas auto and car insurance in Texas. Someone using your identity to insure or title a car is a different loss: auto identity theft. House and cars together: home and wheels.

Look for comprehensive on the declarations before you assume a stolen car is covered. Get a quote or ask an agent.