As you probably know, a typical car policy consists of multiple policies that offer protection against named perils. For instance, some policies, such as collision insurance, cover collision events while others, such as comprehensive policies, cover non-collision events such as theft and fire. However, it is important to note that car insurance policies typically do not offer coverage against mechanical failures caused by normal wear and tear. This means that depending on certain circumstances, your auto insurance policy may or may cover engine failures. This is bad news because an engine replacement can be expensive. Here’s some more information on this topic.
Common Types of Auto Insurance Policies
In general, there are four main types of car insurance policies. These include:
• Collision Coverage – This policy covers the costs of repair or replacement of your car in the event of a collision with another car or an object, such as a tree, regardless of who was at fault. Take note that collision coverage also covers rollover accidents.
• Comprehensive Coverage – Covers non-collision events such as house fire and falling objects
• Liability insurance Coverage – Covers third-party property damage, if you’re the at-fault driver
• Uninsured Motorist Coverage – Pay for car repair or replacement costs if the at-fault driver is uninsured
My Engine Has Blown Will Insurance Cover?
As you can see, none of the four common auto policies mentioned above specifically covers engine failures. Take comprehensive coverage, for example. If a covered event, such as an explosion, damages your engine leading to engine failures, your policy may cover the damage to your engine, especially if you can link the engine failures to the covered event, in this case, explosion. The same is true for collision coverage. That is, if your car develops engine failures after a collision event, you can file a collision insurance claim for engine failures. Again, to receive compensation, the covered event must be directly responsible for the engine failures. More specifically, the adjuster will need to see your car’s repair and maintenance records, so you should always keep those handy.
Supplemental Insurance Engine Cover
Because standard auto insurance policies typically exclude engine coverage, you should purchase supplemental engine insurance coverage. It is worth noting that the cost of replacing an engine with a 4-cylinder engine ranges anywhere from $4,000 to $5,000, according to industry experts. Keeping this in mind, engine protection coverage covers all of your engine’s components including, among others, its spark plugs, valves, pistons, and crankshafts. Besides engine protection coverage, most auto insurance companies also offer mechanical breakdown insurance (MBI), which covers mechanical-related issues, including engine failures. Some of the other insurance products on the market that cover the engine include:
• Manufacturer’s bumper-to-bumper warranty
• Vehicle manufacturer engine warranty
• Extended Warranty
Depending on certain circumstances, a typical car insurance policy may or may not cover engine damage. To be on the safe side, you should purchase additional engine protection coverage. If you have any additional questions about home and auto insurance, contact the experts at Gant Insurance Agency in McKinney, Texas. We are ready to help you with all your coverage needs today.