You may not know this but your homeowners insurance is actually the insurance that covers the contents of your car (not attached to your car) in the event of a theft, not your auto’s comprehensive insurance. I don’t exactly know why this is, but it’s related to which one is considered primary for the items mentioned, but it’s one reason why you might want to consider dropping comprehensive insurance if your car itself isn’t all that valuable.
Let’s say you return to your car one night and unfortunately, your car window has been busted. Inside, you find that your CD case and your sunglasses have been stolen but everything else looks okay. So, the first thing you do is call up the police and file a police report about the break in but then what? Who covers what? Well, your auto insurance’s comprehensive coverage, minus deductible, is what covers the cost of replacing your window. The CDs and the sunglasses? You’ll have to talk to your homeowner’s insurance agent about that and you’ll only get reimbursed if the loss exceeds your deductible.
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When you lean on your homeowners policy for compensating an auto break-in, it can get complicated. I had a break-in en route from MD to FL. Big problem…I had to send in a copy of the police report. Unfortunately, I was never able to get any response from the people beyond the initial show up at the scene. I had to raise a fuss with the insurer. They acted as though I had some kind of control over a sheriff 500 miles away.
In the course of argument, it was emphasized that the police report had to list complete information on the stolen items. I asked how the cops would know that. The agent said, I would have to tell them. Duh….
Then, of course, my homeowner insurance premium was bumped up. I’d had this personal property insurance for fifty years without a claim. I wonder what they did with all the premiums I’ve paid. I’m going to have to pay back the claim money in the future.
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