If you are looking for the best-fit insurance policy, you need to pay heed to two things. First, check the policy inclusions to know what inclusions are offered and any optional extras you can add on. Second, carefully examine the policy exclusions to know when your vehicle won’t be covered for claims. Look at both these aspects to know if your car will be covered adequately. For instance, if you purchase a third-party property policy, your vehicle will not be covered for accidental damage.
Check the product disclosure statement before you buy a policy. Understanding the details is essential to get the right coverage for your ride. It is best if you read it once or twice to know what you are signing up for. Usually, vehicle owners know what the provisions of their cheap car insurance policy are, but they aren’t too sure when they will apply. Therefore, it is essential to know both the what and when of the best car insurance policy you have chosen.
Will my car insurance cover a vehicle breakdown?
Vehicle insurance policies may not cover your expenses for a car breakdown. To seek clarification of this, read the policy terms and conditions and talk to your insurer. If it hasn’t been mentioned in the policy, then for sure your vehicle will not be covered for it.
Some insurance providers do offer roadside assistance as part of their membership, though for an extra cost.
Engine damage is a critical issue. But will that be covered by my vehicle insurance policy?
We know mechanical issues like engine damage happen abruptly and may cause many inconveniences for you. Not only does it disrupt your journey, but it also puts you in a potentially dangerous situation.
You need to read this and underline – “the comprehensive car insurance policy doesn’t cover wear and tear of car components contributing to a vehicle issue.”
However, some insurers may provide you with towing and hire car services at such an event.
Check if your car warranty hasn’t lapsed. If it is still in play, with the help of your active vehicle warranty, let your car manufacturer pay for the failed car components’ replacement. First, however, you may need to shell out money for the repairs yourself – it depends on the manufacturer and the warranty terms.
The following conditions aren’t covered even with the highest-level car insurance cover, i.e., comprehensive car insurance policy. Damages due to long-term usage like –
- Worn-out tires/belts.
- Deteriorated car parts due to friction.
- Metal corrosion.
- Mould formation.
Car insurance coverage applies to damage caused by some kind of external accidental event, whether this occurs on or off the road.
The best way to maintain your vehicle well is by driving in safe conditions, regular maintenance, servicing it on time, not overloading it and taking insurers’ advice before incorporating any modifications.
Will vehicle insurance cover an accident due to mechanical failure?
If your vehicle isn’t roadworthy and met with a road accident, then your insurer will deny your claim. Insurance only covers roadworthy vehicles, which is why you take it to the mechanic every year for a registration check. You can claim neither your vehicle damages nor your liability for damages/injuries/mortality caused to other vehicles/drivers.
You may land with heavy bills, including your vehicle repairs and compensations. If you don’t wish to be a part of such a scene, invest some money in your regular vehicle maintenance.
It would be best to clarify your doubts about what conditions your cheap car insurance policy covers so you don’t risk claim denials. The best car insurance provides you with financial assistance for covered events. In addition, knowing why specific claims aren’t approved helps you save time and effort considerably when you have to manage an ugly incident because of mechanical failures.