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In 2017 itself, more than 773,000 vehicles were reported as stolen in the year 2017. Even though auto theft has come down over the last few years, there is still a huge risk for every vehicle owner. New anti-theft devices are evolving however, thieves are also getting more advanced with smarter keys and other techniques for stealing and switching vehicles. How to protect car from theft then?
Also Read: Anti-Theft Device Benefits and their Impact on Car Insurance Premium
A tracking system may also be an ideal addition to your vehicle. This will help in tapping GPS and wireless technologies for emitting signals and alerting the police about the location of the vehicle. It helps in swifter recovery of the vehicle. Avoid leaving behind valuables, cell phones and other things in the car. Keep things out of sight if you simply have to leave behind things in your vehicle. The most important thing is to remain aware of the surroundings and the locality where you are parking your vehicle.
You should double-check whether the windows and doors are closed and locked before leaving the vehicle. In case of a car theft, report it instantly to the police. You will have to provide all car information and details including the VIN (vehicle identification number), the make, model, year and colour of the vehicle, and the license plate number as well. You should also make sure that your insurance company is informed within a period of 24 hours without any delays. The insurance company will take the process forward of filing claims once the police issues its official letter on being unable to find the vehicle.
Getting car insurance is a must, particularly for covering the financial costs of car loss/theft. While car theft is not as frequent as earlier, you should still be secure with the right insurance plan. Make sure that the IDV (insured declared value) of the vehicle is on the higher side. This is the amount payable to you in case of the total loss of the vehicle. Do not compromise on the IDV, solely to pay lower premiums. Insurance is always one of the most viable options for covering the financial losses linked to car theft. Simultaneously, following the above-mentioned tips will help you keep such losses/thefts at bay.
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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