TexasCHLforum.com

For a great many people, theft protection covers the bank, since what you owe is often close to what the car is worth.
For others, they own the car outright, don't carry anything but liability insurance required. No protection at all.

It is the unconsented removal from your lawful possession and control that is the gravamen of the crime, not the financial impact. What if you are a mere bailee, or agent, holding the property for someone else?

That shouldn't enter into it.