Last-minute holiday shopping can mean parking lots full of cars and trucks packed with pricey presents.
They’re like buffets for thieves looking for a quick and valuable score, and data from the National Insurance Crime Bureau says December is one of the worst months of the year for car thefts, but you have insurance if something goes wrong, right?
Hopefully, you do, but it’s not your car insurance that will help out if the Grinch empties your trunk.
A comprehensive insurance plan only covers the vehicle itself in the case of theft, not personal items left in it. According to Nationwide, you’ll have to rely on your homeowner’s or renter’s insurance policy to get your gifts replaced, but you might want to check the fine print on your policy before you hit the mall.
That’s true even if the entire vehicle is stolen and applies to anything that’s left in it, rather than part of it, including any electronics you have stuck to the windshield and dashboard hula dancers.
Value Penguin notes that your policy may only cover the actual cash value of the items rather than the replacement cost value, but anything brand new should qualify for the latter.
As for the Rudolph nose on the hood, it depends on how many stormy winters it’s guided you through.