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What happens if my car gets stolen and they pay it off?

April 26, 2017car cars happens Insurance pay registration stolen Transportation

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What happens if my car gets stolen and they pay it off?

1 Answer

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10 Posted

When you report your car stolen to the Police and inform your insurer, you will have to wait for 3 months before any settlement ids made. This is because it is possible for your car to be recovered within that time. If it is not recovered you will be paid the average market price for the car at the time it was stolen. The insurers will also need from you certain documentation for the car. MOT certificate, Insurance documents etc. You will have to pay off your car from the money recieved for its loss. Insurers do not settle clients car payments.