Wheel & Tire Insurance for Cars, Trucks and SUV's
WHEEL AND TIRE REPLACEMENT INSURANCE FOR CARS, TRUCKS AND SUV’S
- What is it?
- How much is it?
- Do I really need it?
- What is my ROI? (return on investment)
This is an insurance policy that replaces your Wheel & Tire should they be damaged while driving.
My first question to you is HOW MANY WHEELS HAVE YOU BROKEN ON YOUR VEHICLES, EVER? The answer is usually NONE at least 90% of the time!
This is a very expensive policy for coverage on your new vehicle. Prices are set by many factors including the MANUFACTURER or BRAND of the Wheels & Tires, the SIZE & PRICE of the WHEELS & TIRES and the length of term for the Lease or Loan. The LARGER the wheel & tire the more expensive the policy. LOW PROFILE TIRES also add cost to the policy. Frankly, this is a very expensive product to buy and you can be OVERCHARGED VERY EASILY if you do not know what you are doing. You really have to look at your ROI or Return On Investment. If the cost of the insurance coverage is about equal to the cost of replacing one wheel and tire, then you must break two wheels and tires to be ahead in terms of money. Does that make sense?
IS IT WORTH IT? THAT IS THE QUESTION THAT CAN ONLY BE ANSWERED BY LOOKING AT ALL OF THE VARIABLES.
Finance Managers depend on your sense of protection and coverage in life to sell you insurance based products. What you need to do is to have a Personal Car Negotiator who can talk to you with “straight talk”. Someone who is not trying to sell you something to help you understand the risks and benefits without putting his hand into your pocket. Someone who can help you make the right decision for your personal circumstance.