Will Commercial Auto Insurance Cover Stolen Commercial Vehicles?

Call the Authorities. As soon as you realize that a vehicle from your business’ property has been stolen, call the police and file a report. Doing so can start an investigation to help you find the vehicle and help when it comes time to file a claim. 

Call Your Insurance Agent. After notifying the police, call the insurance agent that provides your commercial auto insurance policy. Even if you don’t immediately file a claim, you should keep your insurance agent in the loop about a possible theft so that they have the information for later. 

Provide Accurate Information.  Throughout the process, make sure to remain in contact with the valid parties and provide accurate information. Any inconsistencies or poor information can make the process go slower and impede progress. 

File a Claim When Necessary. You will generally want to file a claim on your commercial auto insurance policy sooner rather than later, especially if the thief ends up causing a crash or other liability issues while operating the commercial vehicle. Speak with your insurance agent about filing a claim and receiving compensation for the lost vehicle. Waiting too long to file a claim could make things difficult or even lead to a denied insurance claim. 

Check Your Coverage. Not all commercial auto insurance policies cover theft. Theft will only be covered if your policy also has comprehensive coverage. Check your coverage and be sure theft is covered on your policy.