Wheel and Tire Insurance
02-14-14, 09:56 PM
#1
Lexus Test Driver
Thread Starter
Wheel and Tire Insurance
How much is everyone seeing Wheel and Tire Insurance for?
For 3 years, for 5 years, with deductible, with no deductible?
Does it differ between non-F Sport and F Sport? By region?
Last, does Lexus off a Lexus branded policy?
Thanks.
For 3 years, for 5 years, with deductible, with no deductible?
Does it differ between non-F Sport and F Sport? By region?
Last, does Lexus off a Lexus branded policy?
Thanks.
02-15-14, 06:38 AM
#2
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I just saw that on a sticker in the Lexus showroom of my dealership...it showed as an additional option...installed by the dealership....tire and wheel insurance...$900.00 I had no idea what that meant or what it really covered..that was just put on the invoice sticker printout..pasted on the car window..still have no idea what that meant
02-15-14, 07:40 AM
#3
Lexus Test Driver
Thread Starter
I just saw that on a sticker in the Lexus showroom of my dealership...it showed as an additional option...installed by the dealership....tire and wheel insurance...$900.00 I had no idea what that meant or what it really covered..that was just put on the invoice sticker printout..pasted on the car window..still have no idea what that meant
Didn't have any term either, right; 3 years, 5 years?
Thanks!
02-15-14, 11:33 AM
#7
Make sure and read the fine print before buying the insurance, the one I was offered by a large insurance company has 24 exclusions listed in the contract, the section of the contract that bothered me was that they would only replace a wheel if the tire would not hold air or could not be balanced, that tells me if you scrape a rim up pretty good, they most likely would not replace it. Just beware of what's in the contract, that's why they are like 4 or 5 pages long, most of what's in there is not for your benefit.
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02-15-14, 01:10 PM
#8
Yes, take your time and read every little fine print. From what i see, they will only replace if the damage deem the wheel/tire to become none functional or unsafe. They wont replace for cosmetic reason! IMHO, this type of insurance isnt worth to buy unless you live in area where the roads are extremely bad which might cause the actual damage to the wheel/tire. Also, most tire replacement are pro-rate so they wont give you much for your damage tire anyhow.
02-15-14, 02:04 PM
#9
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I agree, you must read the fine print. With mine, I must make sure my tire has at least 3 threads to file a claim. Also, mine clearly states that I am covered for any cosmetic damage. I haven't used it yet, but I am happy I have it for piece of mine.
02-15-14, 02:06 PM
#10
Lexus Test Driver
Thread Starter
Make sure and read the fine print before buying the insurance, the one I was offered by a large insurance company has 24 exclusions listed in the contract, the section of the contract that bothered me was that they would only replace a wheel if the tire would not hold air or could not be balanced, that tells me if you scrape a rim up pretty good, they most likely would not replace it. Just beware of what's in the contract, that's why they are like 4 or 5 pages long, most of what's in there is not for your benefit.
Yes, take your time and read every little fine print. From what i see, they will only replace if the damage deem the wheel/tire to become none functional or unsafe. They wont replace for cosmetic reason! IMHO, this type of insurance isnt worth to buy unless you live in area where the roads are extremely bad which might cause the actual damage to the wheel/tire. Also, most tire replacement are pro-rate so they wont give you much for your damage tire anyhow.
Thanks for the input!
02-15-14, 04:36 PM
#12
Did you get the insurance from a dealer or somewhere else?