Am I entitled to compensation after arson damaged a truck with liability-only insurance?

My neighbor's car caught on fire in a suspected case of arson. The fire also spread to my truck, which was parked right by the car. I have liability-only coverage on my truck because it's an older model. Am I entitled to any compensation in this situation?

Answer
Sorry to hear about your situation. Unfortunately, you are not entitled to any compensation from your insurance company or your neighbor.
Liability coverage only covers damages and bodily injuries that you cause in an at-fault accident.
The first thing you should do if you haven’t already is file a police report. If the authorities are able to identify who started the original fire, you could seek compensation from them directly or through the court system.
That being said, it’s always good to keep comprehensive coverage on your vehicle, even as it ages and loses value. Comprehensive insurance covers physical damage to your car caused by things such as:
  • fire
  • wind
  • hail
  • flood
  • theft
  • vandalism
  • falling objects
  • collisions with animals
You’d be surprised by the damage a wild turkey can do to a car and how often that actually happens! The best part of comprehensive coverage is that this is usually an inexpensive form of coverage that gets cheaper as the vehicle gets older.
To prevent something like this from happening again, it’s best to switch your policy. Concerned about the extra expense to add full coverage? Let Jerry help! Jerry is a free app that compares quotes from 50 top providers to get you a policy that suits your needs and your budget in minutes.
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Shannon Martin
Answered on Aug 09, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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