Insurance claims pay only the depreciated value of the stolen vehicle, which, in many cases is much less than what it is owed on the vehicle’s lease or financing.  The vehicle owner must pay the difference directly!
 

Even if your policy covers the full amount owed for your vehicle, you will still have to pay sales tax on your new purchase, costing you on average several thousand dollars!
 

You are responsible for the deductible amount on your policy, typically between $250 and $1,000.
 

Most policies do not cover the cost of any improvements you have made to the vehicle, such as upgraded tires and rims, or an aftermarket sound system.
 

Due to increasing fraud, many insurance companies are aggressively investigating instances of vehicle theft, which can delay your claim for weeks or months, or in some cases deny it all together.
 

Your policy may not cover the cost to rent a car while your claim is being processed or to replace contents of your vehicle that were stolen.
 

The additional stress, trauma and disruption of your life when your car is stolen are considerable