Does your car insurance policy cover car theft? Look for these additional endorsements

The thought of a stolen car will leave owners in deep despair. Finding out that your car insurance policy covers theft can be a relief in an otherwise grim situation. Although most comprehensive auto insurance policies provide coverage against vehicle theft, whether or not your policy provides the same coverage will depend on the specific terms and conditions of the coverage you chose when purchasing your vehicle. the police. Also, keep in mind that even if you have a running policy that covers vehicle theft, personal property in the stolen vehicle is not covered.

The main insurers offer two types of insurance policies: civil liability only (third party) and global policies (all risks). Car insurance companies will pay third party damages up to a certain limit.

According to Sanjiv Bajaj, President and Managing Director of Bajaj Capital: “Car theft and damage caused by personal accidents are covered by a comprehensive policy. The plan also includes optional amortization coverage, health bonus protection (NCB) and other benefits. A comprehensive policy is required if you want insurance that covers stolen vehicles.

Having said that, it should be noted that there are also add-ons which are not very popular, but which prove to be very useful for car owners in crucial moments. Here is a list of them.


Imagine your life without your car and a scenario where you have to manage your transportation for a while. This means that you will have to depend on public transport for your daily commute or to get from one place to another. Although using public transport, such as taxis, buses and city rail transport, comes with its own challenges, it also comes with a price you would have to pay. Daily allowance coverage with your car insurance policy will help ease this burden because it will pay for the trip.


The theft of your car is serious enough to make you anxious and worried. If he’s carrying valuables, this nightmare escalates to a whole new level. Although a comprehensive auto insurance policy does not cover the loss of stolen effects, an additional personal effects endorsement would provide adequate coverage against the loss of these personal items.


There are a few things you need to remember when making a claim for your stolen car. In addition to your claim, you will need to provide your insurer with an untraced report or an untraced car report issued by the local police. If you cannot provide it, there is a chance that your claim request will be rejected.

You will also need to obtain a duplicate registration certificate from the Regional Transportation Office (RTO). If you bought the vehicle on loan, the insurance company will reimburse the amount of the reimbursement to the financier. You will have to pay any excess amount.


Car insurance is not something you should buy in a hurry. It’s also not something you can put off buying. Buying auto insurance requires due diligence.

Rakesh Jain, CEO of Reliance General Insurance, says, “It is important to compare and analyze whether the selected policy meets your needs. It is also equally important to understand the different types of policies offered and the different types of coverage they offer. For example, although you are only mandated to take out liability insurance, this does not cover damage to your car in the event of an accident or theft. Therefore, you should opt for the best comprehensive coverage possible that will ensure that your car has the maximum coverage and that you are financially protected.

Comprehensive auto insurance is the best comprehensive plan that covers both liability and damage to your own car. “It also covers losses incurred as a result of natural and man-made calamities, accidents, theft and fire. Own damage insurance also covers losses to your car caused by theft,” says Jain .

It’s wise to analyze your existing auto insurance policy and see if it provides you with the coverage you need. If not, it would be prudent to upgrade or transfer your existing policy.

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