Why is tyre and rim insurance important?

Posted on Friday, May 9, 2014 - 00:00

Tyre and rim insurance is a straightforward kind of insurance. It does what it says on the tin. This insurance pays out if or when your tyres are blown out or your rims are damaged. But why is it so important?

A common mistake people make is that their comprehensive car insurance actually covers tyre and rim damage. In many cases it doesn't. If you want to make a claim where your tyres and rims are concerned, it's quite likely you'll be turned away./p>

Tyre and rim insurance is important because without even one of these vital car parts, you can't drive. 

Having a crumpled bumper or a scratched rear panel is a pain, but at least you can travel from A to B while waiting for a repairer. When the car's in for repair, some comprehensive motor vehicle insurance policies might give you the option of a hire car or reimburse taxi fare. Even if one tyre is blown out or if one rim is buckled, you can no longer drive your car.

If you need to get around, those costs come right out of your pocket. That, and the parts and labour for your tyre and rim damage! If you own a large vehicle such as a van or a 4WD, you might have to come up with a sum upwards of $1,000 before you're back on the road.

Tyre and rim insurance covers you for all kinds of accidental damage such as road debris puncturing your tyre or potholes and other obstructions cracking your rims. 

Often, tyre and rim insurance can cover you for longer than one year in with a single payment. Some policies offer no excess on claims and/or accommodation when your tyre or rim has been damaged far away from home and you can't get back.

If you want to know more, talk to an insurance or financial professional to see what kind of policies are out there and are right for you.

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