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It is advisable that you keep all the documentation to substantiate non-standard security items that have been added to your vehicle, such as a gear lock, alarm or tracking. Failing to meet the policy conditions may result in the rejection of a claim in the case of your vehicle being stolen. When purchasing Car Insurance it is imperative that you are aware, understand and comply to the security conditions, such as immobilizers or tracking devices, stipulated in the policy. Following the correct steps in the event of your motor being stolen is equally important. All Insurers compulsory that on finding out that your motor has been stolen it be reported to the police immediately. To prevent more loss and contribute in the recovery of your motor, the onus is on you as the owner of the motor.A theft case must be opened and file number acquired from the police. If you fail to do so it could be construed as committing fraud and you could jeopardize your right to claim fro the insurance company. If you don’t inform this to the police then it will just greaten the chances that the burglars will get away by giving them more time to get away with your motor.If your car was stolen from a parking lot where there is security then you have to report it to the security office so they can certify that security was in place.Request for written confirmation or this notification and then notify your insurer at once. Provide them with the relevant documents for non-standard security items and if the car was driven by any other person than the insured at the time of the theft provide them with a certified copy of the driver‚Äôs license and identity documentation of the driver.Notify the relevant financial institution if your vehicle is subject to a hire purchase or lease. Define the outstanding loan amount and bear in mind that you still have an obligation to keep up the monthly repayments both on your motor debt and your insurance policy until your claim has been settled in full.If the vehicle is not found within a reasonable time and the insurance company remunerate you for your loss you are no longer the owner of the stolen motor. The insurers would have noted their interest on the policy and would have to reconcile any outstanding debt before paying out the balance to you if the motor was subject to a hire Purchase or Installment Sale.The stolen car is now the property of the Insurance Company and if the motor is recovered subsequent to your claim been paid the vehicle must be handed over to the Insurance Company. Failure to do so is fraud and a criminal offense.Most insurers give the insured first option to buy back the stolen car if and when it is found. You should be aware of the circumstances that could significantly impact the value of the recovered car if you are thinking in acting out this alternative.Before the insurance company paid our claim then the vehicle would have been scrapped. To re-sell this motor it will need to be re-registered as a Code 3 car and identified as a Built Up motor on the registration certificate. The police will assign a new VIN number beginning with AAPV if the VIN number has been tampered with. If you buy back your car, you must insurance that you get a substantial discount on the market value as no dealer will pay the full market price for a car. To avoid over-insurance this asset, make sure that you insurance the re-purchased vehicle at the price that you paid to buy it from the insurers.