Do you know what are the duties of insurance companies after your car gets stolen? If you are experience any problem of this kind, do not worry because criminal defence lawyer brampton is here to help you understand your rights and get the best possible from the whole situation. Sometimes you may not be able to get your car, but you will be paid for the damage and get a new car. You just need to follow the laws and make sure that you do not break it.
An insurance company will refuse to pay damages if your vehicle is stolen by the person you gave the insured vehicle to use. The same is true if the perpetrator is your spouse, brother or sister, a blood relative in the right line, a person who lives with you in a joint household or a person for whom you are responsible.
How to report damage?
If your vehicle was stolen, first inform the police about the event. If you are abroad, please inform the police of the country where you are staying, and upon return, and the police in the country you live in. The vehicle will then enter the registry of missing vehicles and then start the search. Then report the damage to the insurance company by presenting vehicle documentation and vehicle keys. The deadline is 3 days from the day the vehicle was stolen.
If the vehicle is found within 30 days from the date of the theft of the theft, you are obliged to take it back. You can then report any damage to the vehicle during theft.
When 30 days have passed since the submission of the application to the police in the country you live in or the country where the vehicle got stolen and the vehicle has not been found, the insurance company will pay you damages. The payment considers the value of the vehicle on the day of the damage (value on the insurance policy less depreciation). Estimators calculate the depreciation based on age, mileage and possibly the general condition of your vehicle. If you have a two-year vehicle, the payment is in the amount of new vehicle value minus the depreciation of two years. If certain parts of the vehicle are stolen, the insurance company will fully pay damages without deduction.
Sometimes it happens that the vehicle is found after a deadline of 30 days. Then you can download it, but you’ll need to pay back the charged amount. If you do not download the vehicle, it will belong to the insurer and is usually sold through public sale.
Caution is extremely important even when it comes to the safety of your vehicle. And you can do a lot with small steps. What have common misfortunes and thieves? They are both unpredictable and never resting. Therefore, arrange quality insurance.
Find us on FourSquare and OurBis.