What Does Comprehensive Theft and Robbery Insurance Mean?
1 Answers
Comprehensive Theft and Robbery Insurance refers to the situation where the insured vehicle is stolen or robbed under non-deliberate, non-intentional, and non-violation circumstances. After the theft is reported and a case is filed for investigation, if the case remains unsolved within a certain period, the insurance company is required to provide compensation. If the vehicle is recovered and returned to the owner after investigation, the insurance company must compensate for the losses incurred during the theft period. The insurance coverage for Comprehensive Theft and Robbery Insurance includes: 1. The insured vehicle is entirely stolen, robbed, or seized, and after being verified by county-level or higher public security authorities, its whereabouts remain unknown for three months; 2. The insured vehicle is damaged after being entirely stolen, robbed, or seized, or the cost of repairs due to missing parts, or the vehicle is stolen while parked or seized while in motion and its whereabouts remain unknown; 3. The theft, robbery, or seizure must involve the entire vehicle, not just parts of it; 4. The perpetrators of the theft or robbery must have no vested interest in the insured vehicle; 5. If the insured vehicle is not recovered within three months from the date of theft, the insurer is obligated to provide compensation.
