If your tire damage is a result of an accident which is covered by Comprehensive or Collision coverage in your car insurance policy or a third party’s policy, you can get the tire fixed or replaced. For example, if you strike a pot hole and damaged the tire, it will be covered in collision. If the damage is due to vandalism, it will be covered by comprehensive.
When using your own or third party’s policy, keep in mind though, the final payment will be subject to your deductible (if choosing to use your own coverage). The Auto Damage Appraiser will evaluate the wear and tear and apply appreciation. In a rare situation, where your tire is the only damage as a result of an accident, it’s probably not the best idea to file a claim. Besides the deductible part of the story, the tire should be fairly easy to be taken care of, and you don’t want to lose the no claim bonus if you have a good claim history.
However, if your tire damage is caused by normal wear and tear, your insurance company will not cover it. Normal wear and tear means you drive your car every day without accidents causing direct damage to the tires.
To solve that problem and give car owners a piece of mind, many car dealerships and manufacturers sell Road Hazard Protection. For example, when I bought my Subaru this March, I was introduced to several additional coverage or services on top of regular car payments. One of those extra services is something similar to Road Hazard Protection. During the course of normal driving, if your tire has a puncture, for example, they will cover it 100%.
When choosing the best Road Hazard Protection, it’s important to understand the terms and exceptions. The statements should be clear-cut and well-explained. It tells you what is covered and for how long. Generally, a plan that will replace the tire based on time is much better than the pro-rating plan. Why? In the formal plan, they probably promise you the full replacement in the first x years, while the latter instance, you may have to pay some cost out of the pocket once you start to use the tire.
As a benefit to car owners, some car dealership may want to “throw in” this coverage to you just to close the sale. Don’t get overly excited. Ask them if they cover tire replacement, because most of the time, their offer is only limited to tire repair. But if your tire is not repairable, you are on your own.
You should also ask dealer these questions: do they require you to go back to the original place of purchase to get the service done? Is there a dollar limit on the replacement tire? Do they cover the full cost of the original tire? Is there a dedicated service line to assist you?
How much does road hazard protection? One is to charge a percentage of the cost of a tire, such as 10% or 15%. A better plan will charge you a fixed rate regardless of the cost.