Is it necessary to purchase theft and robbery insurance for a car?
1 Answers
Luxury cars can consider adding theft and robbery insurance, but it is generally not necessary. Below is relevant knowledge about theft and robbery insurance. Definition of Theft and Robbery Insurance: It refers to the insurance company compensating for losses within the coverage scope when the insured vehicle is stolen or robbed under non-deliberate, non-intentional, and non-violation circumstances, and the case remains unsolved after 60 days. Claim Principle: Compensation is provided for vehicle losses caused by the entire vehicle being stolen, robbed, or seized. Practical Auto Insurance Types: Compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, and no-deductible insurance. Cases Not Covered: War, military conflict, terrorist activities, riots; loss of the insured vehicle due to natural disasters; intentional acts or illegal activities by the insured, their family members, or the driver; the driver is under the influence of alcohol or controlled substances; the insured vehicle is defrauded, impounded, confiscated, sealed, or requisitioned by the government; theft, robbery, or seizure of the insured vehicle due to civil or economic disputes; disappearance of the lessee or the driver authorized by the lessee along with the insured vehicle.
