Hi Everyone.
This post is to follow up from a previous post (now closed) where there were a number of questions regarding the extra fee dealerships charge for wheel and tire protection. I have recently insured my car for another driving season so I asked my agent if my C7 wheels and tires were covered by my vehicle insurance. This is so I understand if I would have double coverage for my wheels and tires .... or not.
I have pasted in the portion of my insurance policy forwarded to me from my agent:
EXCLUSIONS The Insurer shall not be liable, (1) under any subsection of Section C** for loss or damage (a) to tires or consisting of or caused by mechanical fracture or breakdown of any part of the automobile or by rusting, corrosion, wear and tear, freezing, or explosion within the combustion chamber, unless the loss or damage is coincident with other loss or damage covered by such subsection or is caused by fire, theft or malicious mischief covered by such subsection.
If I interpret this exclusion correctly, damage (not wear and tear, etc.) to my wheels and tires are covered by my vehicle insurance.
I just wanted to get more information on the table so we can make better decisions for ourselves when we purchase any vehicle, not just Corvettes.
* Please do not use this post to disrespect any salespeople or dealership, past or present. That is not the intention for my post.
  |
|
Sorry but I interpret the exclusion clause differently. First of all and for context, you've quoted from Section C of the SPF 1 standard automobile policy, which is common for all Albertans. So the wording may be different for other Provinces although I suspect it's likely similar if not the same (you'd have to check if in another Proviince). Next, Section C deals with collision coverage which is optional so someone with "an old beater" that's not worth much, may not think it worthwhile to insure it for collision and if in an accident, they and not their insurer, would have to look after the cost of repair or replacement. But more to answer your question, the wording says "the insurer shall not be liable...for loss or damage...
to tires". After that it goes on to say "or..." which is separate. So regardless of whether you experience "normal wear and tear" or damage from a sudden impact with a bad pothole, your regular vehicle policy under Section C will NOT cover any such damage. That's why dealers sell extra tire/rim protection: it's something not covered by your usual vehicle policy. This differs (for example) from the Comprehensive coverage you pay for under your policy (fire, theft, vandalism): if someone steals your tires/rims or they're vandalized or burn up in a fire, THAT will be covered subject to any deductible.
Having said that and using another example, if you have Section C coverage and you're in a terrific front-end collision which damages not only your entire front end, but both front tires/rims, then if the car is repairable you'd get reimbursed for not only the cost to repair the entire front end, but also to "repair" (more likely replace) the rims/tires. That's because the exclusion clause you've quoted above has a qualification (aka: an exclusion to the exclusion) which states that tires aren't covered "unless the ...damage is coincident with other...damage covered". So in other words, because the front end damage is covered and the tires/rims were damaged at the same time or "coincident" with that front end damage, your tires/rims will be looked after. And again, that's subject to any deductible unless the insurer waives it.
Hope this helps.
