Does Car Insurance Cover Engine Failure – One minute you’re with the top down, wind in your hair, when all of a sudden, BAM, the car spins out of your control. Engine failure is intense and scary, to say the least!
But despite the chaos that engine failure can cause, most are due to engine problems: forgetting to change the oil, filters, and coolant, not to mention failing to check that the clutch, spark plugs, and brakes all work. are in order.
Does Car Insurance Cover Engine Failure
But if not taken care of properly, the results can be fatal for both you and your car. A failed engine can cost you upwards of $2,500, not to mention bodily harm to you and any of your passengers. And if the damage is beyond repair – well, you’re looking at a whole new car.
Car Insurance Basics
Insurance can help keep engine failure from becoming a nightmare — or at least save you some cash while you’re dealing with your car. How much you will pay, however, depends on the type of policy you purchase. So let’s find out when your insurance will help cover the cost of engine failure.
Covered by your insurance, such as a car accident, theft, or vandalism. And policies definitely don’t include coverage for mechanical problems caused by negligence or regular wear and tear. So if you’re driving your dad’s 1972 Ford Torino, it’s up to you to make sure everything is running smoothly and up to scratch.
Car insurance policies are designed to cover accidental, unexpected, or unforeseen losses. And yes, for most people, sudden engine failure feels like it should fall into that category. But unfortunately, life is not always fair!
That said, there are certain policies that may cover engine failure, depending on the circumstances. Let’s break them down.
Does Comprehensive Car Insurance Cover Engine Failure?
While buying car insurance, you can opt for Mechanical Breakdown Insurance (MBI) which covers engine failure. Similar to a car warranty, mechanical breakdown coverage is valid for a set period of time. In other words, MBI acts as an extended warranty for auto parts. This can be one of the surest ways to ensure that you will be covered if you experience engine failure.
If you’ve got collision coverage, you’re in luck: This type of policy pays for damages if the vehicle is hit, regardless of who is at fault. If you’re the kind of person who backs up cement poles (we’re looking at you, Marble member Jasper), collision coverage will pay for the repairs — once you hit your deductible, of course. This means that if your engine failure is caused by a car accident, your collision policy will help pay for damages and replacement.
Collision coverage is optional if you own your car; If you lease your car or have a loan, your lender may require you to purchase collision coverage.
Most policyholders purchase their collision policy with comprehensive coverage, which protects you in case of everything except a collision. For example, if your engine fails because someone tampers with the car while trying to steal your catalytic converter, your comprehensive coverage will pay for the replacement. The same is true if your car is broken down in a hail storm, stolen, flooded, struck by a fallen tree due to another natural phenomenon, or otherwise damaged by a named peril. So read your policy carefully!
Does Auto Insurance Cover Engine Failure?
However, how much your policy covers and how much you pay depends on your deductible. But as a general rule of thumb, remember that the higher the deductible, the lower the premium.
If you have liability coverage, the insurance will pay for damages if the accident is your fault. This means that if you cause someone else’s engine to fail, your liability policy will pay for replacement parts as well as any medical expenses. (And the same would be true if your engine fails due to an accident – if you have hit-and-run liability coverage, the policy will cover your engine failure). Just keep in mind that you are responsible for any amount that exceeds the insurance coverage limit.
According to the Insurance Information Institute, one in eight drivers on the road in 2019 was uninsured. That’s a lot of people driving without protection, especially since almost every state has a minimum requirement for car insurance.
With this in mind, you may want to consider an uninsured motorist policy, as it pays for expenses if the at-fault driver does not have insurance and cannot pay himself. When it comes to engine failure, this type of coverage can only cover repair costs if the failure can be directly linked to an accident involving the uninsured driver.
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Engine failure can be scary and unexpected – and while there’s no way to predict car failure, at least there’s insurance when life gets messy. So if you want to make sure you get the right coverage no matter the emergency, be sure to read your documents carefully. And if you’re not satisfied with the insurance you currently have, we advise you to shop around and compare what’s out there.
One way to do this: Sign up for Marble, where you can compare rates and view coverage options to find the best plan for your budget and your engine. Then, keep track of all your policies in one digital wallet and earn rewards just for insuring. If you’re not in the financial space, it’s hard to get really excited when it comes to discussing the finer details of your auto insurance policy. Still, knowing what you are and aren’t insured against is important to fully maximizing the benefits of your insurance coverage. So, do you know the full scope of your insurance coverage? Does your current policy cover you for repair costs if your vehicle’s engine fails? This is a somewhat complicated aspect of vehicle insurance. So take some time to relax while explaining the finer points of engine failure coverage in your auto insurance policy.
Hello! I’m Stella, Fincrew brand ambassador, and I’ll take you through the extent to which different types of auto coverage insure you for engine failure. Become a car insurance pro without taking extra classes! Watch the Insurance 360 video series and find out everything you need to know to manage yours
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Things Standard Car Insurance Doesn’t Cover
As you would expect, the type of coverage you drive applies where damages such as engine failure are concerned. In Malaysia, vehicle owners have a choice of any of three types of auto insurance coverage. In broad strokes, the standard types of vehicle insurance in the country include:
This is the coverage that vehicle owners who only want to meet the minimum legal limits opt for. This is because it only pays for damage to another person’s property or person. Consequently, if you are running this policy, you know that there is no scenario in which you are insured for engine failure.
With this policy package, you get financial protection in case of third party damage and also damage to your own vehicle due to fire, explosion, or theft. Now, subject to the exact specifications highlighted in your policy, you may be able to file a claim for payment in the event of engine failure, if you can prove that the breakdown is a result of a fire incident or theft. . Keep in mind that if you suffer engine damage due to a collision, this policy will not pay for it.
As the name suggests, this policy provides you with the most comprehensive coverage you will find around. Apart from insuring you are at the same level as the previous two policies, you also get some other benefits. One of these is that you can file a claim to get your vehicle repaired if it was damaged in an auto crash. Keep in mind that this benefit is only available if you are not the at-fault driver. In this case, you may be able to file for financial compensation if you can prove that the engine failure you experienced was a result of a previous auto crash. However, you will need to provide your adjuster with some documentation to support your claim. Some of which include:
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Finally, if you want to insure your vehicle for a wide range of engine failure issues, you’ll want to consider getting specific add-ons and special packages.
There you have it. Now that you know whether your car will be covered by your provider or not, don’t forget to like, subscribe and enable notifications to our channel for more useful information like this! Thank you for tuning in, and I’ll see you in our next video!
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