Does State Farm Full Coverage Insurance Cover Theft
Does State Farm Full Coverage Insurance Cover Theft?
If you have State Farm full coverage insurance, you may be wondering if it covers theft. The answer is that it depends on the type of coverage you have. State Farm offers a variety of different types of coverage, each of which has its own set of benefits and limitations. So, it’s important to understand the details of your policy before you make any assumptions about what is and isn’t covered.
What is State Farm Full Coverage Insurance?
State Farm full coverage insurance is a type of car insurance that covers both liability and physical damage to the insured vehicle. It includes liability coverage for damages to other people and property, as well as coverage for the insured vehicle itself. This type of coverage is often referred to as “comprehensive” coverage, because it provides a wide range of protection. Depending on the type of policy you have, you may also be able to add additional coverages, such as uninsured motorist coverage and rental car coverage.
Does State Farm Full Coverage Insurance Cover Theft?
State Farm full coverage insurance typically includes coverage for theft, but the amount and type of coverage may vary depending on the policy. Generally speaking, most full coverage policies will cover the actual cash value of the stolen vehicle, less any deductible. This means that if your car is stolen and not recovered, you will be reimbursed for the current market value of the car, minus the amount of your deductible.
What if the Stolen Vehicle is Recovered?
If the stolen vehicle is recovered, the insurance company will typically pay for any necessary repairs to the vehicle. The repairs must be completed by an approved body shop and the parts used must meet the manufacturer’s standards. Depending on the policy, the insurance company may also reimburse you for any items that were stolen from the vehicle. In some cases, they may even cover the cost of a rental car while your vehicle is being repaired.
What Other Types of Theft Does State Farm Full Coverage Insurance Cover?
In addition to coverage for the theft of a vehicle, State Farm full coverage insurance may also cover other types of theft. For example, most policies will cover personal property stolen from the vehicle, as well as stolen items from your home or business. Depending on your policy, you may also be eligible for coverage for theft of electronic devices, such as computers, tablets, and cell phones.
What Does State Farm Full Coverage Insurance Not Cover?
State Farm full coverage insurance does not typically cover any losses resulting from fraud or intentional acts. It also does not cover any items that are stolen from a vehicle but are not covered under the policy, such as jewelry or cash. Additionally, the insurance company may not pay for any damages caused by the theft, such as broken glass or other property damage.
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