Car accidents can be a real pain to deal with – especially if you are the one at fault. In some cases, you may find yourself dealing with not just bodily injuries and damages to your car, but also the cost of having your insurance premiums rise. One of the most common types of car accidents is hitting a curve and damaging a rim.
But how does this affect insurance? In this blog post, we will explore what happens when you hit a curve and damage a rim, how it will affect your insurance rates, and what you can do to avoid further costs down the line.
What is the process of hitting a curve and damaging a rim?
The process of hitting a curve and damaging a rim can be costly and time-consuming. First, the insurance company will likely want to inspect the vehicle to determine the cause of the damage. If it is determined that the accident was caused by hitting a curb or pothole, the insurance company may not cover the repairs.
In some cases, they may only cover a portion of the repairs. Second, even if the insurance company does cover the repairs, you may have to pay a deductible. This is the amount of money that you are responsible for paying before your insurance company will start paying for repairs. Finally, your rates may go up after an accident like this.
How does this affect insurance?
If you have comprehensive insurance, then hitting a curb and damaging your rim should be covered under your policy. However, if you only have liability insurance, then your insurer will not cover the damage to your vehicle. This is because liability insurance only covers damage that you cause to someone else’s property; it does not cover damage to your own vehicle. If you are concerned about this type of situation, you may want to consider adding comprehensive coverage to your policy.
Are there any exceptions to this rule?
Yes, there are a few exceptions to this rule. If the damage is caused by normal wear and tear, then your insurance will not cover it. Also, if the damage is caused by an act of nature, such as a hurricane or tornado, then your insurance will not cover it.
What are the consequences of not following this rule?
If you hit a curve and damage your rim, it can affect your insurance in a few different ways. First, if you have comprehensive coverage, your insurer may pay for the repairs to your damaged rim. However, they may also choose to declare your car a total loss if the damage is extensive. This means that you would have to pay the deductible on your comprehensive policy, and then would receive the value of your car minus the deductible.
If you do not have comprehensive coverage, or if your insurer declares your car a total loss even with this coverage, you will be responsible for paying for all repairs to your damaged rim out of pocket. This can be quite costly, especially if you need to replace the entire wheel. In addition, the accident may go on your driving record, which could increase your insurance rates in the future.
Conclusion
As you can see, hitting a curb or damaging a rim can have an effect on your insurance coverage. It’s important to know what type of coverage you have and the extent to which damage is covered in order to avoid any potential financial losses.
Make sure you review your policy carefully if this kind of incident occurs so that you are aware of how it will affect the costs associated with repairing or replacing damaged wheels. Doing so could save you hundreds or even thousands of dollars in unexpected expenses down the line.