Set Benefit Theft Protection
$1,000; $2,500; $3,000; $5,000 Guarantees payable on vehicles declared a Total Loss due to theft.
HOW AND WHY DOES IT WORK?
In the event that the Theft Deterrent System installed on the Covered Vehicle fails to prevent the Covered Vehicle from being stolen during the term of the program, and in the event that the Covered Vehicle is rendered a Total Loss as a direct result of the theft, the Traceable Theft Protection Coverage will pay $1,000, $2,500, $3,000, or $5,000 (Depending on the plan chosen at enrollment).
PARTIAL LOSS BENEFIT
In the event that the Theft Deterrent System installed on the Covered Vehicle fails to prevent the Covered Vehicle from being stolen during the term of the program, and in the event that the Covered Vehicle is rendered a Partial Loss, the Traceable Theft Protection Coverage will pay the Partial Loss Benefit which is an amount equal to the lesser of the Customer’s actual primary insurance deductible OR the costs incurred by the Customer for the repair of those damages that were the direct result of the subject theft. The Partial Loss Benefit maximum allowed payable amount is $1,000.
Vehicle Replacement Guarantee
If your vehicle is declared a total loss due to theft, we will pay up to $50,000 to replace it. This includes your deductible (up to $1,000), temporary rental vehicle expenses, registration fees, sales tax, and dealer installed aftermarket products.
The Vehicle Replacement Guarantee may qualify your vehicle for a considerable insurance discount.
New 2015 Vehicle Price (Stolen in 2019) $35,000
Insurance Settlement $10,000
Vehicle Replacement Cost (In Year 2019) $40,000
We Will Pay The Difference ($30,000)
About what it costs if you are a victim of auto theft
If your vehicle is stolen, the insurance settlement will probably be much less than the actual cost of replacing your vehicle.Auto theft accounts for over $8 billion in losses to car owners in this country per year.
That insures the security of your vehicle.
Traceable identification codes on the vehicle and anti-theft warning decals.
The identification codes are included in a national tracking system that is accessible by all law enforcement agencies.