What Does Tyre and Rim Insurance Cover?

Tyre and Rim Insurance helps cover the cost of repairing or replacing your vehicle’s tyres and rims if they get damaged due to things like punctures, blowouts, or accidents. It also covers damage caused by road hazards such as potholes or rough surfaces.

Why Consider Tyre and Rim Insurance?

This insurance is often offered as an extra when you buy a new car because most standard car insurance policies don’t cover tyre and rim damage. Whether you need it depends on several things.

Sometimes, the cost of the insurance is more than what it would cost to fix or replace a tyre or rim. Also, these policies usually have limits on how much they pay per claim. For people with regular or cheaper tyres and rims, this insurance might not be necessary since tyre repairs can be as low as $50. Car dealers sometimes get commissions for selling these policies, which can lead to people buying coverage they don’t actually need. If this sounds like your situation, you might be able to claim a refund on your Tyre and Rim Insurance.

Examples of Mis-Sold Tyre and Rim Insurance

Policies sold to people with recapped or retreaded tyres, where the insurance isn’t very useful.

Insurance sold to those who use their car for work, like Uber drivers or couriers, where regular policies may not cover them properly.

Customers not told about policy limits or exclusions, such as damage caused by vandalism.

Tyre and Rim Insurance added to a car insurance policy without telling the customer or giving them the chance to say no.

How Can I Find Out If Tyre and Rim Insurance Was Added Without My Permission?

One common way insurance is mis-sold is by adding Tyre and Rim Insurance to your documents without telling you. Your Certificate of Insurance should list all the insurance products you’ve bought, including:

1. Policy number
2. Coverage period
3. Premium costs

If anything on your documents is unclear, you should contact your insurer and ask them to explain.

Can I Get a Refund for Mis-Sold Tyre and Rim Insurance?

Refund Helper Pty Ltd can help you through the whole refund process:

1. Provide us with your details and any loan or insurance contracts you have (we can help get these if you don’t have them).
2. We review your information and contact you to finalise your claim.
3. We submit the claim for you.
4. Once approved, you receive your refund.