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What happens if your stolen car is found after insurance has paid for it?

When a car is stolen, it is perfect to first report to the police and then continue to inform your car insurance company by filing a claim.

All things being equal, if you are not dealing with a damaged insurance company, you will get a new car from your insurance company to replace the one stolen from you.

But what if your car insurance company after a few weeks or months had replaced your car with a new one and you or the police find it, what happens?

I saw this question about what happens if your stolen car was found after the insurance company had paid for it and decided to discuss it in our blog today.

This really depends on the insurance company and often how long it has been since the vehicle stole and to some extent the value of the vehicle. Everyone has different policies for how to handle a case.

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Why you must report to the police when your car is stolen

In principle, there are three important reasons why you need to report the case of car subsidies to the police no matter how cheap you think the car is, or how much money you have in your bank account to replace it.

  1. This may be one of the requirements required of your insurance company when filing a claim
  2. Reporting a case of car subsidy to the police helps them to serve justice, prosecute criminals and clean up society. It can even help other car owners stay safe from robbery.
  3. You may be able to recover your car.

When a car is stolen, the thief does not often bother to change the title for fear of being caught so that they keep driving it that way until the day they are caught and the car is beaten by the police.

In Australia or the United States, for example, when the police recover a stolen car, they return it to the owner unless the insurance company had already informed the police about the car supplement or when you try to defraud them by buying car insurance for it again.

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What insurance companies in the US or Australia do when a stolen car They paid for are recovered

From my experience if the vehicle is recovered within a year, the insurance company will probably have it transferred to them or if you buy it back from them (cost may be discounted if it was damaged). During a year, it often depends on the value of the car. Something that still (in condition recovered) has a lot of value they will take the same strategy, because it will reclaim money for the insurance company.

The complexity comes from the fact that they probably wrote the car from their books and there is more paperwork and implications (simply read more cost) for the insurance company. Thus, if there is not enough value in the vehicle for them to be able to recover it, they may simply not want to deal with it.

Once they have written about it, it is considered "disposed of" in their books … if it ends up in a garbage can or in your hands is really not relevant at that time, it only matters if getting the car back can enough money for the insurance company to make the extra effort worthwhile.

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Give the recovered car to the insurer

Depending on what state you are in, the value of the car and how long it has been Before it was recovered, your car insurance company may want you to buy back the car or lose it entirely to the insurer.

In Australia, for example, you can get your insurance claim paid in full if your car is stolen without necessarily getting proof from the police. But once the car has been recovered, you must not touch it as it is now the property of the insurance company.


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