Anti Theft Device

Anti-theft Device An anti-theft device reduces the probability of theft of your vehicle. If you have installed an approved anti-theft device in your vehicle, insurers consider this as a sign of reduced risk for its insurance. Many insurance companies grant discounts to policyholders whose vehicles contain anti-theft devices because it helps insurers save money on coverage costs. Some of the most commonly used anti-theft devices are steering wheel lock, electronic immobiliser, car alarm, vehicle tracking system, and tyre lock. The only type of coverage in your auto insurance that covers a stolen vehicle is comprehensive coverage. If you don't pay for comprehensive coverage, your insurer won't cover your vehicle replacement bills when someone steals your car. Vehicle insurance does not include coverage for the theft of personal items inside your stolen vehicle. That said, your homeowner or rental insurer to see if they protect you against property loss. The insurer does not have to pay any compensation when no claims are raised by the policyholder in a policy year. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful