Loss Of Personal Belongings In Car Insurance

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Car being stolen is a nightmare for all car owners, especially if you don't have the appropriate car insurance coverage. Having the right car insurance will save you from financial stress as a result if your car being stolen. Though a comprehensive insurance covers theft of your vehicle, it does not cover the loss of your personal belongings that were left in the car when it was stolen. To include your personal belongings in your insurance coverage, you can opt for the loss of belongings cover as add-on to your base policy.

Exclusions of Loss of Personal Belongings Cover

The following are a few of the exclusions in Loss of Personal Belongings Cover:

• If the theft occurred as a result of the policyholder’s negligence
• Belongings that the policyholder does not carry around
• Belongings that are locked in a safety deposit box
• Loss due to theft that has not been reported to the police within 24 hours of finding out
• Loss due to wear and tear of the climate, climatic conditions, electrical or mechanical failure, etc.
• Borrowed property
• Belongings of the policyholder that he/she has given to a third party
• Loss of any important documents
• Things that aren’t mentioned in the police report
• Damage to the belongings that were left in the vehicle overnight

Claim Settlement Process

Claim settlement process for a policy with Loss of Personal Belongings Cover involves the following steps:

• Inform the insurer within 24 hours of you noticing the vehicle missing
• While intimating the insurer, provide the following details:
  • Name of the policyholder
  • Contact details of the policyholder
  • Car insurance policy number
  • Approximate time and correct date when the robbery took place or when you noticed it
  • Area where the incident took place
• File an FIR at the nearest police station and obtain a copy of the same

Documentation For The Claim Settlement Process

You are required to submit the following documents to the insurer during the claim settlement process:

• Duly filled and signed Claim Form
• Copy of the FIR files by you
• The final investigation report drafted by the police
• Original invoice and receipts that support your claim
• Property irregularity report