In the case of theft, the claim settlement process goes through multiple checkpoints. This makes the process tedious and time-consuming. However, your insurance provider wants to be absolutely sure about the case before they release the money to the insured.Once your claim is approved, the ownership of your stolen car is transferred directly to your insurer. In an unusual case of the stolen car being recovered, your insurer is now the lawful owner of the car since it has already been paid for.