Quote:
Originally Posted by Max_is_here
I guessed you missed the part where this all happened as the result of a theft, which would be covered under the comprehensive policy...?
|
The theft would be covered and you would be paid for the car.
Quote:
Originally Posted by Max_is_here
As I said, I'd sure like to have the insurance company sort out some of this for me if it ever came up.
|
Then you are still misunderstanding your insurance.
Theft doesn't include Liability protection. Without Liability coverage on a stolen car the only thing your insurance company will sort out is paying you for the stolen car.
If somebody claims that you are responsible for injury or damage while the car was no longer in your possession, that comes under Liability coverage. Without the Liability coverage on the stolen car your insurance company has no duty to address the claim, or defend you if you get sued about it.
You don't need to take my word for it. Read your policy. The typical Liability insuring agreement is as follows:
Quote:
INSURING AGREEMENT
A. We will pay damages for "bodily injury" or
"property damage" for which any "insured"
becomes legally responsible because of an
auto accident. Damages include prejudgment
interest awarded against the "insured". We will
settle or defend, as we consider appropriate,
any claim or suit asking for these damages. In
addition to our limit of liability, we will pay all
defense costs we incur. Our duty to settle or
defend ends when our limit of liability for this
coverage has been exhausted by payment of
judgments or settlements. We have no duty to
defend any suit or settle any claim for "bodily
injury" or "property damage" not covered under
this policy.
|
Note the emphasis on the last sentence.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
