Not many people are aware of the term repair car insurance. Everyone buys a car insurance policy but they don’t even know that there is something called car repair insurance also available for their cars. This repair insurance policy can be considered as an extended warranty of your new car. This policy would cover the costs which are generally not covered by car insurance policies. Usually, the warranty is available only till about 3 years from the date of car purchase and there is a clause on the mileage of the car as well.
Unfortunately, by that time your car warranty has been expired and car insurance policies do not cover the cost of maintenance and normal wear and tear. Your car insurance policy will cover only damages done during an accident, theft or similar situations. This is where car repair insurance may come to your rescue. It will take care of your maintenance f car, normal wear and tear as well as car repair costs in case it breaks down on you. As you can see, it can be a real benefit to have this kind of policy.
There are various types of car repair insurance policies available in market. The basic type of policy would cover only the maintenance and wear and tear costs. The comprehensive policy or ‘bumper to bumper’ policy would have coverage for any cost related to car repair.
While buying a repair car insurance policy, you should consider a few things. The first point to consider is the type of coverage required. The premium amount is going to increase with amount of coverage. The other point to consider is the deductible amount. The premiums amount can be reduced if the deductible is high. Another thing you should check about the policy is to see if the policy is transferable to another person or not. Sometimes, it is great to have a transferable policy in case you want to sell your car.
Internet is a great place to find cheap deals on repair car insurance policies. You would be able to get quotes, compare features and read reviews online from the comfort of your home. It is a great way to research about the policies available and find the best deals as per you budget and need.