What should I do if my financed car had liability-only insurance and it was stolen and totaled?

"My financed car was stolen and found totaled. I still owe $7,000 on my loan.

They found the person who stole and damaged the car, but they don't have insurance. What should I do? Do I need to sue them?"

Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“What you should do next depends on the
type of car insurance
you have. If you have
uninsured motorist coverage
on your policy, you may be able to submit a claim for the damage.
However, if uninsured motorist coverage isn’t required by state law, it most likely won’t be included on your policy as you stated that you have
liability car insurance
only. If this is the case, you’ll want to consult a lawyer to see what your options are.
Without any type of
collision car insurance
, you are responsible for covering the remainder of your loan. If you pursue the person in court, you may be able to recover some of the damages to your vehicle and possibly pay off your loan. “
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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