A Definitive Guide to Bumper to Bumper Insurance for Car
Owning a car is a dream for many and thus, once bought, it becomes their prized possession. You would want to take good care of it and protect it from all kinds of accidents, bodily damages, scratches, and dents. However, despite the best efforts, accidents do take place, and hence, one should always be prepared for such eventualities. One way of doing that is by buying a bumper to bumper insurance for your car.
What is Bumper to Bumper Car Insurance?
Bumper to Bumper insurance is a comprehensive insurance policy that provides a 100% coverage of damages to the fibre, metal, and rubber parts of your car. This insurance policy is ideal for the following kinds of car owners:
- Those who have a new car
- Those who own luxury cars
- Those who drive their cars in accident-prone areas
- New or inexperienced drivers
Bumper to Bumper Insurance for a used car
Bumper to Bumper insurance can also be useful for those who own an old car or a used car. For this, they have to purchase an add-on called Zero Depreciation with their Bumper to Bumper Insurance. With the regular passage of time, a car undergoes wear and tear. The value of a car progressively reduces with the passage of time. Even if a car is kept simply in the showroom without being sold, its value is likely to decrease with the passage of time. This reduction in the value of a car is referred to as depreciation.
A usual car insurance policy does not cover the wear and tear of a car or the usual depreciation that the car is likely to suffer from the passage of time. So, if a car undergoes any damage and if it has insurance coverage, the insurance company always deducts a certain amount as wear and tear costs before settling the insurance claims. With the Zero-Depreciation cover, the insurance company will pay for the entire expenditure incurred while replacing any damaged part of the car. Since those who own a used car are likely to have incurred more wear and tear damages, it is highly recommended for them to buy a Zero Depreciation add-on to ensure that they do not have to pay any money from their pocket if their car meets with an accident.
You must be curious about knowing the inclusions in a bumper to bumper car insurance. Let’s answer some of your queries:
Does bumper to bumper insurance cover body damages?
Bumper to Bumper Insurance policy covers all kinds of bodily damages to the car. All body parts of the car which are made of rubber, fiberglass, plastic, nylon, and metal are included in this.
Do bumper to bumper warranties cover batteries?
Bumper to bumper insurance does not cover batteries and tyres. They are not covered under the zero depreciation add on. Other things of a car which are not covered in a bumper to bumper insurance include the bi-fuel kit, gas kits and the mechanical breakdown of the car. These excluded parts can be covered with dedicated add-ons available with comprehensive car insurance plans.
Does bumper to bumper insurance cover engine?
Unfortunately, the bumper to bumper insurance policy does not cover engine damages caused due to the leakage of the fuel or water ingression. In case, a change in the fuel of the car is made, that expense is also not covered by such insurance policy. You can avail a separate Engine Protection add-on cover for your vehicle.
There are, indeed, several benefits associated with a bumper to bumper insurance policy. With its Zero Depreciation add-on, it makes a far more advantageous insurance policy as compared to any standard car insurance policy. For instance, if a car owner has a comprehensive car insurance policy, he/she would have to pay a significant amount for repairing the car damages from his/her own pocket since the insurance company will pay for the insurance claims after having deducted the depreciation costs.
However, the cons of a bumper to bumper insurance policy is that the insurance buyer has to pay a much higher rate of premium.
Does Bumper to Bumper cover transmission?
Usually, a bumper to bumper insurance does not cover transmission. You can buy separate add-ons to get it covered.
Does Bumper to Bumper cover scratches?
Damages to tyres, batteries, and car scratches are not covered under the bumper to bumper car insurance policy.
How to claim insurance for own damage?
You can make a claim for Own-Damage only if you have a comprehensive insurance policy. To make a claim, you must intimate your insurance provider immediately after the accident. Your insurance provider will take care of your medical and repair costs arising due to the accident. However, this is done only after a strict examination of the vehicle and the proofs of the accident.
Can we claim car insurance for car dents?
Car dent is usually not covered by most car insurance policies, including the bumper to bumper insurance cover.