Does my Insurance Policy Cover Repairs for my Car?
Reader’s Question:
I’m from Indiana, and I have a very old car I want repaired. Will my car insurer cover this?
Jerry
Anderson, IN
Auto insurance is mandatory in all states. The state of Indiana requires its motorists to have financial responsibility if they ever cause an accident. Motorists comply with this by purchasing auto insurance. Auto insurance is intended to protect the automobile and its occupants against the risks associated with the automobile’s normal use on the road.
Although auto insurance covers for repairs following an accident, provided that costs are within the limits stated in the policy, it does not cover expenses incurred from restoration and repair. An auto insurance company will only assist in paying if you carry auto repair insurance aside from the standard coverage. Many automobile owners, especially those who just bought their first one, are unaware of this type of insurance. Once your vehicle’s warranty expires, auto repair insurance is a safeguard to protect you from costly repairs.
Standard auto insurance has breakdown coverage. This means that the insurer is only liable to pay for repairs needed due to breakable parts. There is also wear and tear insurance, which covers for repairs necessitated by parts that deteriorate over time. However, not all companies cover wear and tear of cars with a standard auto repair policy, so you may need to purchase this from another company altogether. You can also shop around for an auto insurance company that covers both.
Before you get yourself auto repair insurance, be sure to know what is covered and how much you need to pay through deductibles. This is because you may still receive coverage on automobiles that have done less than 100,000 miles even if your auto manufacturer’s warranty has expired.
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