What is worse than paying a couple of thousand rand each month towards comprehensive car insurance and then having your claim rejected due to a miniscule technicality? Not much. In fact, a large unpaid insurance claim can be extremely destructive to your budget and your family.
Earlier this year, we spoke about how you can avoid insurance claims and mostly focused on the practical and administration side of insurance claim rejections. Now, let’s take a look at the influence damaged tyres can have on your insurance claim and how to can cover your losses with additional, cost-effective cover.
The effect of tyre health on your comprehensive car insurance policy
Tyres are one of the most important safety aspects of your vehicle, but due to the costly maintenance or replacement that they often require, people tend to neglect them which could lead to non-payments of insurance claims. If you read though your insurance policy carefully (if you haven’t, now is the time to do it!), you will see that your insurer requires you to keep your vehicle in a road worthy state at all times – this includes well-maintained tyres. If it is found that you have neglected maintenance on your vehicle, the insurer will most likely refuse payment on your claim which could be devastating to your pocket. Over and above the fact that unmaintained tyres can influence your insurance pay-outs, it is also one of the top causes of road accidents in South Africa along with speeding and drunk driving.
With road conditions being very bad in some parts of the country, good quality and well-maintained tyres are non-negotiable. Therefore, always ensure that your tyres on your vehicle is in a good condition and replaced as needed.
Aren’t tyres covered by my comprehensive insurance?
Even though many people think they are, the tyres on your vehicle are not covered by standard comprehensive insurance, which means that any tyre specific damage claims will not be paid out. For example, if you drive over a large nail and your tyre is damaged beyond repair, but the rest of your vehicle is undamaged, you will not be able to claim the tyre’s replacement cost from your insurer.
Is there a way to insure my tyres?
Fortunately, many insurers have addressed this problem and now offer additional tyre insurance to clients. Tyre insurance will pay for all tyre claims, up to R20 000,00 and will usually cost you less than R100,00 per month. This is extremely reasonably as one standard new tyre will set you back at least R1000.00. Think of tyre insurance as GAP cover for your car that will help you recover some costs that your current insurance policy doesn’t cover.
If you want to know more about tyre insurance and how it can benefit you, contact Cornerstone Insurance Brokers by clicking here and we will ensure that you receive fast and accurate advice. Also, remember to visit us on Facebook and LinkedIn and to share this article with friends and family.