subject: What To Know About Auto Repair Insurance [print this page] Auto repair insurance is similar to regular auto insurance in that this form of contract is an agreement between a policyholder and a company. The company represented in the contract agrees to pay for all the repairs needed for a vehicle when the policyholder submits a claim. The claim must be made within the terms and agreements set force in the fine print of the contract, and if all is legit, the company will pay for the repairs for the customer. Companies that are highly rated and maintain good customer relationships will pay for common repairs with very little hassle, especially if customers maintain good driving records. Premiums and policy costs might also decrease the longer customers stay with the company as an incentive to sign up for a policy.
Standard auto repair insurance policies typically cover the breakdown and normal wear and tear of an automobile. While some policies differ from others, those seeking this type of insurance should pay close attention and negotiate, if possible, the terms of the contract. Some insurance companies only choose to offer breakdown coverage while others go as far as covering against normal wear and tear. Companies that choose to cover only breakdown will only be responsible for repairs that are needed after specific parts break or malfunction. Other companies might choose to only provide coverage for specific vehicles such as vintage cars, motorcycles, off road vehicles, boats, and aircraft. Other auto repair insurance companies cover engine and transmission repairs, an important aspect for vintage car collectors and other owners of cars with complicated systems under the hood. While many owners do seek this type of coverage, the majority of car owners do not buy this type of insurance because it only covers a specific component or set of components of a vehicle. Bumper to bumper policies exist that can help service repairs in small and minor collisions also exist for customers who are looking for this type of coverage. For more specialized and unique forms of coverage, consumers will have to spend due time researching online and consulting with various insurance providers for vetted companies who can offer specific policies.
Those looking for this type of insurance should take the extra steps to ensure that they know what is and what is not covered in their policy. Researching well and going through the fine print of a policy will help consumers understand what they are buying and what will be covered in the event that they need to file a claim with their specific insurance provider. Those will few insurance claims, good credit, good driving histories, and positive credit scores are more likely to receive a cost-friendly policy, though the criteria many companies use to determine prices and coverage can differ. On the plus side, many companies will offer free quotes to potential customers.
by: Andrea Avery
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