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UAE is a country where vehicle theft cases have decreased at a significant rate over the last few years. But car thefts have been a problem from the very beginning. The saddest aspect about car theft cases is that the majority of them are labeled as unrecovered. This means your car can be stolen anytime, from anywhere - the danger of theft always persists. This is why taking car insurance is important. Car insurance in Dubai is specifically designed to address this issue. However, merely purchasing an insurance policy is not the end of the case. To successfully deal with car theft, you must also be well-versed in claim submission and payout receipts. Let's discover what car insurance for a stolen car is, how to file a claim and some other important details regarding stolen car insurance.

Stolen Car Insurance

Just like the name implies, stolen car insurance is one of the fundamental car insurance advantages included in a complete car insurance plan. In a car theft policy, the insurance provider guarantees to compensate you for the full worth of your car if it is stolen and is impossible to recover. The amount payable is determined by the insured stated value of the vehicle, any applicable deductibles, and depreciation. The car insurance brokers in Dubai estimates the vehicle's current market value and then subtracts any deductibles that the policyholder must pay. The resultant sum will be repaid as car insurance for the stolen vehicle claim amount. You may only claim your stolen automobile insurance once the authorities have ruled it unrecoverable.

Which car insurance covers car thefts?

Theft of the car is not the only cause for fear. It is common for the car to be unharmed, but the valuables within the car are to be taken. Unfortunately, unlike vehicle theft, theft of personal possessions and car accessories is not a standard feature of comprehensive auto insurance coverage. You may, however, add theft of personal property coverage to your comprehensive auto insurance policy. You will have to pay an extra charge for it because it is an add-on.

How to claim stolen car insurance?

You may successfully submit a stolen auto insurance claim by following a few easy steps. The steps are as follows:

As soon as you become aware of the situation, contact the police and report your stolen vehicle. If your car was parked in a paid parking lot, speak with the security officer in charge to learn more about the incident. Begin tracking the vehicle if it has an anti-theft system with a tracker attached.

Inform the insurance provider about the automobile theft occurrence as soon as possible. However, you are not required to file a claim straight away.

Begin the claim procedure as soon as you file a police complaint to avoid missing the deadline window. Obtain the claim form and fill out all of the necessary information.

Attach all relevant papers to the claim form and submit it either online or offline. When the police determine that the vehicle is unrecoverable or untraceable, the claim will be handled. The insurance company may need some time to compute the payment amount. Car theft is a dangerous problem for a variety of reasons, and the claim procedure may be lengthy as well.

Car theft insurance claims, unlike damage repair expenditures claims, might take weeks to resolve. The key is not to lose patience, to have all of the necessary documentation available, and to be quick in taking the first steps in submitting reports. Assure the protection of your vehicle to avoid thefts and the lengthy claim process that ensues. Keep the doors locked, windows closed, and only park in well-lit, secured areas. Do not keep valuables in your car overnight or for an extended period. Your safety is first and foremost in your own hands.