Are you protected? Insuance questions

[Makdaddymac]

hey guys,
i recently got a gas hating civic as my dd(number one stolen car in america 10years running), and i only have min coverage on it for about two months cause i'm broke! and need a month or two to get back on my feet...
but i was wondering if this car got stolen what would happen, would they send me check or do you have to have comprehensive?
also i would like to know other things that i could ask my insurance company(the gecko) so i am better covered......

"basically i want to know if im in good hands". insurance isnt cheap for me no mater what, cause im a young male in orlando so i might as well spend the extra money to save my assets...

 

[Fett]

Depends on your coverage.....if it's bare minimum, you most likely don't have theft insurance, and will get nothing if car is stolen.

However, what year and condition is it in? I ask because if it's an older Civic and doesn't have a high book value, then it might not be worth insuring for theft to begin with. I mean, if the book value is say $1000, then it makes no sense to spend an extra $1500 a year for theft insurance. figure out what the insurance book value is on it by talking to your agent, then add up how much your insurance would go up for theft coverage for a year and act accordingly.

This is just MY opinion. For instance, I know the book value for my Mustang is crap, so I chose not to have replacement coverage on it, either via an accident resulting in a total loss, or theft. To me it would cost more per year to cover it that way than the payout would be...so it made no sense for me. I chose to cover bodily injury for both the people in my car and anybody in other cars if I was deemed at fault for an accident. I'd rather not get sued "just in case" than have my car replaced.

Again, just my opinion.

 

[jimfitzgerald]

Liability coverage only covers other people if you are at fault. Comprehensive covers your car if it is damaged or stolen. It is usually smart to drop your comprehensive when the value of your car falls below $5,000.