What if your car is stolen? Do not panic; inform the police and the DMV immediately. If you have active insurance coverage, relay the information to the insurers too. But then, the policy of your insurer or insurance company may not honor a stolen car.
When a crook lays hands on a car, the first goal is to make the stolen car legal. The thief (s) will immediately contact the Department of Motor Vehicles and report that they need duplicate documents. The first set of documents a crook falsifies are the title of the car, pink slip, registration papers, and vehicle receipt.
The process is simple; first, a crook contacts the court, swears an affidavit and is granted permission. It happens so fast that if you do not report early enough, you will likely lose your car permanently.
What If Your Car is Stolen
When your car is stolen, there is no time to cry over spilled milk. In a situation where your vehicle is robbed at gunpoint, do not struggle with the thief. Hand over the car keys, put your hands up and walk away. Likely, your phone would as well be ceased, but that should be the least of your worries. Request to use a passerby’s phone to alert the police of the stolen car. Also, order a cab and drop at the nearest police station to file a report. When done, contact your insurance company to inform of the stolen vehicle.
If you return not to find your vehicle where you parked, do not waste time looking around. Phone the police immediately and describe your car. Also, contact the insurance company for advice.
What to Do When Car is Stolen
While wondering, “what if your car is stolen?”, also think of what to do in such a scenario. In this section, we will briefly discover the measures to take if your car is stolen.
Contact the Police
Of course, you would want to contact the police regarding the stolen car. If you do not report to the police, some jurisdictions may fine you for hoarding information against crime. Also, you would have decreased the possibility of recovering your car. A few would argue that it is less significant to inform the police, but it helps. Statistics report that a decent percentage of auto thefts reported to the police immediately have been recovered. Be detailed while reporting to the police and make sure to follow up investigation.
Visit the DMV
The DMV (Department of Motor Vehicle) is usually the first play crooks visit. The reason is that for them to legalize a stolen car, they have to duplicate the essential documents. If you alert the DMV early enough, the thieves would likely be apprehended when they arrive to reproduce the vehicle documents.
Report to Your Insurer
Contact the insurer and see whether your policy covers a theft situation. Also, make a list of the items in the car and submit to the insurer. The insurer will likely compensate for the items in the vehicle as well.
Forget About the Car
You would want to take your mind off the vehicle. The reason is that even the police can’t guarantee to recover your car. Nevertheless, stay in touch with the police to ensure that everything possible is done for the recovery of your car.
Will You Recover a Stolen Car?
The sincere answers are “Yes” and “No”. A slim percentage of stolen cars are always recovered, and there is a 50/50 chance of retrieving a stolen car. But, if the level of security in your state is more sophisticated, you may recover your car before crooks take it off the town.
Regarding the duration, it can take between months to years to recover your stolen car. If you are lucky that the thief’s aim is a joyride, your car will be recovered in a matter of days not later than two days. However, you will find your car in shatters as the joyrider would have driven like a maniac.
Does a Stolen Car Lose Value?
Yes, a stolen car loses value by up to 50%. Unlike a genuine car, a thief would accept almost any bid for a stolen car. In most cases, the crook turns a stolen car into a scrap and sells the parts at cheaper rates.
Do Cops Investigate Stolen Cars?
Of course, cops investigate stolen cars for as long as they can. When they find the stolen car, they will report to you as the owner, and the criminal will face the full wrath of the law.
If your car is stolen at any point in time, do not panic. Put calls through to the police, DMV, and your insurance company. Fill the appropriate forms and encourage the police to remain focused on finding your stolen car.
Also, always do yourself a favor by being vigilant. Never leave your car unlocked, ignited, or parked in desolate areas.