Car Insurance Premiums Nevada NV
Reader’s Question:
My car was stolen a couple of days ago in Nevada, and I have already filed a report about it. Do I still have to continue paying my car insurance premiums?
Bree
Spring Valley, NV
One thing you can do first is to file an insurance claim for your stolen car with your insurance provider. However, if your premium payments are due immediately, then you should contact your local insurer to find out whether you have to pay the premiums even if your car was stolen, or you have to wait until your insurance claim gets resolved.
You should also consider the possibility of your vehicle being recovered by the police; otherwise, you don’t have to pay for the premiums. If the thief gets into an accident and injures people with your stolen car, you will not be held liable for that incident.
Moreover, there are companies there in Nevada that includes car theft in their policy, which means that if your car gets stolen, the insurance company will pay for the expenses in repairing your damaged car or completely replacing it. Remember that the more coverage you have, the more protected you are, in spite of the high premium rates. Call your agent to make sure if you have coverage should your vehicle gets stolen.
You may need to pay the company or the bank that’s financing your stolen vehicle until your insurer complies with your claims. But if delays occur in your claims, and you exceeded your required payments, the insurance company will repay you together with interests. So, be sure to contact your local insurer as well as your bank regarding this matter.
Tags: auto insurance claims, auto insurance coverage, auto insurance premium