Tyre, Wheel and Cosmetic Insurance Scam?

Bachelorplace

I note that when a claim is made on a tyre, wheel, or cosmetic policy with an insurer, you have to declare this to your insurer. This would then affect your no claims and or you on going premium.


Really? For having a scuffed alloy repaired.



I wonder why none of the insurance firms disclose this when selling the product to you, or the dealers.



In fact one of the product sales teams at 123 Gap - actually emailed to say "I don't know"


Is this true and therefore are these products virtually useless as a result?

motorguy

Bachelorplace wrote: »

I note that when a claim is made on a tyre, wheel, or cosmetic policy with an insurer, you have to declare this to your insurer. This would then affect your no claims and or you on going premium.

Who says so?

DoaM

As such policies are essentially Warranties then I highly doubt any claims on them are recorded on the CUE database. As such the motor insurer is unlikely to know.

Unless you're talking about an add-on to your motor insurance - in which case your insurer would know regardless.

DUTR

Bachelorplace wrote: »

I note that when a claim is made on a tyre, wheel, or cosmetic policy with an insurer, you have to declare this to your insurer. This would then affect your no claims and or you on going premium.


Really? For having a scuffed alloy repaired.



I wonder why none of the insurance firms disclose this when selling the product to you, or the dealers.



In fact one of the product sales teams at 123 Gap - actually emailed to say "I don't know"


Is this true and therefore are these products virtually useless as a result?

I don't have it, but a couple of colleagues have used it more than once and seem pleased with the use of the policy, although it is limited to 5 claims they have used it more than once each.

Nasqueron

I imagine if you're the sort of person who goes around hitting kerbs with your car then the insurer wants to know about it.

motorguy

Nasqueron wrote: »

I imagine if you're the sort of person who goes around hitting kerbs with your car then the insurer wants to know about it.

I imagine they know that almost everybody clips kerbs at some point.

DoaM

Holy Thread Necromancy, Batman!

Further to my previous post, I'd imagine it's more like windscreen cover on motor insurance policies ... making a windscreen claim doesn't (usually) boost your renewal premiums.