Yes, auto insurance companies provide cover in case a can is stolen. However, the claim usually follows a long process before you can receive any compensation. If your car has been stolen then you have to file a formal report at the local police station. The police will try to recover your car. In case, your car is not recovered, you will be required to complete some paperwork by your insurer.
Insurance companies usually have a long list of formalities in order to avoid fake or bogus claims. After following the formal protocol of your insurance company, you will receive a compensation for the value of your vehicle. Now the compensation depends on the coverage limit. That’s why it is crucial to pick a right auto insurance policy that provides maximum cover for the worst situation like car theft.
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