Are items stolen from a car still covered, if comprehensive is dropped on an old car?

Question

One of our cars is used for business, for which we have some very expensive equipment. Is theft of items from a car covered, when the comprehensive coverage has been dropped due to the age of the car?

Answer 1

If the items are attached to the car (stereo, GPS, speakers, etc) then they are covered if there is comprehensive coverage on the car.  They are not covered if there is no comp coverage.

If the items are not attached to the car (a laptop sitting in the car, your purse, your wallet, business equipment not attached or used in conjuction with the operation of the vehicle, etc, etc), these items can be claimed on your homeowner's policy.

Answer 2

Depending on the equipment, if it's fastened down to the vehicle ( such as amp, stereo, T.v.) it could be covered only if comprehensive coverage is on the vehicle. If the item you use belong to the business and not part of the vehicle then your business insurance would cover the items, not your auto coverge. Check with your business insurance carrier.

Answer 3

Personal property that is stolen from a motor vehicle is usually not covered under the auto policy- even if you have comp. You will have to file a claim under your business policy. Homeowners policies will usually give very limited coverage for property used in business.

You should speak to your agent about the situation.

Answer 4

Comprehensive Insurance - Auto insurance coverage providing protection in the event of physical damage (other than collision) or theft of the insured car. For example, fire damage or a cracked windshield would be covered under the comprehensive section.

Theft of contents would only be covered if you had them permanently attached to your car, like an upgraded stereo.  Equipment would generally not be covered unless you had some rider on your insurance.

Your theft coverage (one of the COMPREHENSIVE perils... along with fire, vandalism and other non-COLLISION (COLL) perils) covers the owned/insured automobile and all of its equipment and items "pertinent to its operation" (spare, jack, auto tolls, etc)... that does NOT include your personal or business property.

Answer 5

I agree with MSAD