In recent years, crime rates in Mexico have been increasing considerably, which is why having auto theft insurance is essential, as it supports you in unfortunate situations such as the partial or total theft of your vehicle.
If you want to know more about the Best car insurance against theft, stay, because we will tell you about insurers, coverage, and everything you need to know about this type of insurance.
Contents
- 1 What does Auto Theft Insurance cover?
- 2 What does auto theft insurance protect you from?
- 3 How do I make my auto theft insurance valid?
- 4 Information to report a car theft
- 5 Where to get Auto Theft Insurance?
- 6 Coverage with Auto Theft Insurance
- 7 In what cases does theft coverage apply?
- 8 Auto theft insurance exclusions
- 9 Recommendations to protect my car against theft
What does Auto Theft Insurance cover?
Car theft insurance covers, as its name says, the criminal act of stealing the insured’s vehicle, whether with or without violence, offering through the contracted policy the possibility of obtaining compensation based on the value of the vehicle. car either through the “ Blue Book ” or by its invoice value, this value will depend on the year of your vehicle.
In addition to traffic accidents, theft of cars or auto parts is one of the main problems you can face when driving, which is why insurers have developed insurance plans against car theft.
It is very common to find this type of protection from the limited coverage plan, however, if what you are looking for is more comprehensive protection and you also want to protect auto parts or adaptations of your car, it is advisable to take out broad coverage insurance.
Year after year, car theft has been increasing, in the last twelve months in Mexico, the theft of more than 62,583 insured vehicles has been reported, obtaining an average of 171 stolen cars per day as stipulated by the Mexican Association of Insurance Institutions (AMIS).
Based on the statistics we experience in Mexico, we can no longer afford to drive without car theft insurance. Crime is already a problem, but now the second problem is that half of that number was left empty-handed.
Faced with a problem that has not been able to take root in the country, we have to have a plan to protect ourselves. We know how much it costs you to have and maintain that car, that is why it is important to take care of our heritage and not be left without anything.
What does auto theft insurance protect you from?
Within the insurance policies, different types of situations are stipulated in which theft applies under different concepts, in the same way, the benefits that these provide you along with the assistance depend on the insurer with which you quote and the package you choose accordingly. to your needs or budget,
Some of them are:
- Total Theft: This refers to the total loss of your vehicle, whether with or without violence. In this case, the insurer will compensate the insured under the stipulated value of the vehicle.
- Theft of Auto Parts: Covers theft of accessories or adaptations that could be stolen
- Attempted Theft: Failed theft but with material damage, that is, some type of glass, and broken keys, among others.
And it is through auto theft insurance that you can enjoy the following benefits.
- Auto parts replacement
- Agreement mechanical assistance and workshop
- Compensation
- Possible elimination of deductible
- Damage to your person due to theft
- Substitute car
How do I make my auto theft insurance valid?
If you are facing a theft situation, we recommend that you follow the following steps to report said incident:
- Immediately call your insurance, which must have a customer service number available 24 hours a day, 365 days a week.
- Once reported to the customer service number, the insurer will assign you an adjuster to make the corresponding report to the authorities.
- When making the report, you must provide the authorities with information about your vehicle such as: make, model, year, engine number, serial number, federal vehicle registration number, license plate number and color. You can take this information from your invoice.
- In addition to the complaint, report the robbery to 911
- Request to register your complaint with the REPUVE Public Vehicle Registry
- It is very important that the legal owner of the vehicle be presented before the complaint, which protects said property through documentation such as official ID, original invoice, re-invoicing, copy of prior investigation carried out, power of attorney in the case of legal entities.
- Stay alert in case the authorities find your stolen car
- If your car has not been found during the waiting period indicated by the insurer, you can request the car insurance benefit against theft and collect the corresponding compensation.
If you find it within the time limit, a damage assessment is done to determine if it needs repairs and address them. It can have physical damage but of such a high magnitude that it is considered a total loss and will still be compensated.
Information to report a car theft
In order to report an accident of this type within Auto Theft Insurance, you must have the following documentation.
To report the theft with your insurance company you must:
- Full name of the person reporting the incident.
- Notify at that time if there are injured people.
- Address where you are located and telephone number.
- Date, time and place of the events.
- You must give a detailed description of the facts.
- Vehicle technical data sheet: Brand, model, plates, color, serial number, etc.
Where to get Auto Theft Insurance?
At Mejorsegurodeauto.mx you can find insurance options that have limited coverage plans or extensive coverage that can offer you car insurance against theft.
In Mexico, there are different insurance companies through which you can compare the coverage they offer, percentages of deductibles, sums insured, and assistance among other characteristics that we recommend you evaluate before contracting your car insurance policy.
It is also important to check that the insurance agency you choose is duly registered with the National Insurance and Bonding Commission (CNSF) and that it has insurance agents certified under this same institution.
Some of these insurance companies are:
- Quálitas
- General Insurance
- Potosí Insurance
- Mapfre
- AXA Insurance
- Inbursa
- ANA Insurance
- GNP Insurance
- ABA Insurance
Coverage with Auto Theft Insurance
Find out which plans have auto theft insurance; comprehensive coverage has more specialized protections, such as total and partial theft.
It is important to determine which coverages are functional for the use we provide to our car, since the greater the scope of protection our policy provides, the higher the cost will be.
Below we share a comparative table on the benefits offered by the coverage car insurance against theft:
| Coverage | Civil Liability | Limited | Wide |
|---|---|---|---|
| Damage to Third Parties | ✓ | ✓ | ✓ |
| Medical expenses to occupants | x | ✓ | ✓ |
| Roadside assistance | ✓ | ✓ | ✓ |
| Legal assistance | ✓ | ✓ | ✓ |
| Total theft | x | ✓ | ✓ |
| Material Damage | x | x | ✓ |
| Partial theft | x | x | ✓ |
| Civil Liability for passengers | x | Optional | ✓ |
| Death to the driver | x | Optional | ✓ |
In what cases does theft coverage apply?
This coverage applies to robbery or robbery, but what is the difference between both concepts? Theft occurs without violence, that is, while your car is parked, while in the other case the theft occurs by force.
There are also different ways for car theft to happen, it can be total, partial or attempted theft, the first involves the total theft of the vehicle, in the second it applies to theft of equipment, accessories or parts of your car, while in The third is a frustrated robbery that could have caused damage.
It is important to check within the general conditions of your car insurance against theft that any of these three modalities apply, otherwise, you will have to add it as additional coverage or contract a more complete package.
Auto theft insurance exclusions
- Damage or theft to accessories not described on the policy cover.
- Theft of contents, merchandise or objects that were inside your car at the time of the incident
- Partial theft of parts, if your contracted insurance does not include this clause
- In case of theft due to fraud
- Loss of your insured car as a result of any transaction, contract or agreement related to the sale
- For the crime of abuse of trust by a family member of the car’s insured
- In the event of a fire, explosion resulting from a collision or rollover
Recommendations to protect my car against theft
If it is not in your plans to take out this type of insurance, we recommend the following tips to avoid theft:
Although they do not exclude you from this crime, they can reduce the possibilities so as not to generate new problems.
The right place
Regarding your house, it must have a designated and exclusive space for cars. Well, by leaving it on the street or far from the main entrance it will not be in your field of vision and could easily be stolen.
And regarding other places, such as when you go for a walk or will be in public places, check that it is a lit place. When parking, look for a place where there is not much space between your car and where you are going to be.
It never hurts to remind you to check that it is properly closed, activate the alarm and do not leave valuables in sight.
Avoid leaving the car on
It may seem easy to leave the car on while we put things in the trunk, and return home for something or activities that take a few seconds, but the reality is that thieves only need a few seconds to take the car.
It doesn’t take us much time or effort to turn off the car and finish our activities, as well as turn it on only until you go to drive.
Invest in protection systems
The most common way to take care of your car is with an alarm. But you should also consider security cameras.
These will allow you to see your car from inside your house and allow the arrival of a stranger. In the event of a robbery, these cameras will help you report or locate the criminal.
Pay attention to the details
It’s not about becoming distrustful, but don’t let your guard down even with your neighbors. You don’t need to be on the road to be robbed. Door and glass locks above can give you more protection. Well, thieves only wait for you to be distracted for a second to act.
You should also avoid poorly lit, crowded or unfamiliar places.
Remember that it is always better to have car theft insurance to protect your investment.
