Does my car insurance company pay for damage to rims?
UPDATED: Jul 7, 2015
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Asked July 7, 2015
Depending on the details of your policy and the rims themselves, your coverage may include damages under certain circumstances. Since auto insurance policies have many different types of coverage, you will have to consult your policy to determine your exact coverage. If you added rims after buying the car, the situation is a little more complicated and you may need personal property insurance or an insurance rider to have the rims covered.
The first question is whether your rims are factory rims or after-market. If the vehicle was originally insured with the rims included in the coverage, they might be covered. For example factory rims are the default for all applicable policies, but if the car had expensive rims when you bought it, they may have been added to the policy.
The next question is whether you have a policy which covers damages to your own car. If you still owe on a car loan, you are probably required to carry full coverage, which includes damages to your vehicle as well as damages which happen without a named fault. The first case is covered by collision insurance, and the second type is covered by comprehensive insurance. Both policies can be added to any car insurance policy, but may be overkill if you drive an older car that is already paid off.
Even if the rims are covered by your policy, you will have to meet the deductible before the policy goes into effect. If you have a high deductible, it may be a better idea to repair or replace the rims out of pocket. Even if the repair is a bit more than the deductible would have been, it is a good idea to keep the number of claims you file to a minimum.
Answered July 10, 2015 by Anonymous