subject: Car Repair Insurance [print this page] When you are deciding to take out money for any car repair insurance policy you have to understand what it entails. Its similar to the other types of insurance since its an agreement between the vehicle owner and the car repair insurance. The insurance is responsible of the repair bill of the car during the time its insured. All states have particular features of coverage and this type of insurance is not regulated nationally. This is why its important to know the relevant terms and conditions.
Tips on car repair insurance
The car repair insurance policy covers the maintenance of the vehicle all through when it is insured. As a matter of fact you have to be sure what the policy is covering. Here are a few tips that you can look into when deciding the repair insurance policy that is suitable for you.
How old is the car: - many insurance companies offering such cover, state that it does not matte the type of car that you have, they will offer the cover that will protect the car from the repairs that will be carried out. But in many cases the insurance company may want to know how old the car is and if it has a certain age they inspect the car before covering it.
Each time a claim is made will the deductibles increase: - when you take a car repair insurance you are offered a very low deductible rate, in some cases it may be a little as $50. But in some cases each time you make a claim it may increase. This is the reason you have to be careful in the repairs that you are covering.
What does car repair insurance cover
A regular car repair insurance policy usually covers the breakdown of the car. This is where that you start seeing the variation in the coverage. In some instances part of the car repair insurance policy is written in such a way that it only covers the expenses of the parts of the breakdown, this means that they are liable for the expenses of the parts that broke. So its important that you read carefully and get a policy that covers parts that usually out over a period of time. However not many car repair insurance companies offer both the coverage.
There are some car repair insurance companies that offer policies that cover the engine, transmission and other parts that oil flows. But this would not be preferable in terms of the coverage since most car components are not covered in the policy.
There are also bumper to bumper policies which are not in some of the car repair insurance firms. This covers most of the mechanical systems of the vehicle. Those items that are not covered are specified. Other important factors that you need to consider is that you ensure that you know all the car repair insurance details, this means that you know how much you will be paying in terms of deductibles.
What you need to know about car repair insurance
This type of insurance is similar to the other types of insurance its a contract between the vehicle owner and the insurance company which pays the repair bill during the insured period of time. Different states and companies have different details on coverage and this type of insurance is not regulated nationally, therefore there is variation all around the state lines. This is the reason why its important to know the essential terms and conditions of the different policies.
Even though the manufactures warranty has ended your car can still be covered until a point where it has reached the 100,000 mile mark. Bear in mind that when your vehicle clocks up the mile the policy will ratchet up in price. Most people know the benefits of car repair insurance policy, however very few know it works now you know if car repair insurance is something that you can look into further.
by: Alex Shawn
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