If you’re driving on public roads in the UK, then you’re legally required to insure your vehicle. At a minimum, your insurance will cover the cost of any damage you unwittingly inflict on other people and property. But the right kind of insurance can go much further than that, protecting you against particular kinds of risk, and providing you with peace of mind.
One important variety of insurance is what’s called servicing insurance. Here, let’s take a closer look at servicing insurance and how it works.
What Is Servicing Insurance and How Does It Work?
Servicing insurance is a kind of vehicle repair insurance that doesn’t just cover the cost of repairing your vehicle after you’re involved in an accident. It will also cover the cost of preventative maintenance. Oil changes, brake checks, and any issues that might prevent your car from being MOT certified can all be corrected, and the cost can be claimed back.
The Benefits of Servicing Insurance
The great thing about servicing insurance is that it will eliminate the temptation to cut corners, and take risks with the health of your vehicle. Since the cost of your service is being covered, you’ll be incentivised to use it. This will help to prevent the need for more extensive, and expensive, repair work later on. You can look at it as a way of making your motoring-related spending more predictable and manageable.
What Does Servicing Insurance Typically Cover?
Typically, your servicing insurance will cover prearranged maintenance, replacement parts, and small repairs conducted over the course of a given service. However, more significant repair work might not be covered. If your mechanic announces that the entire engine needs to be replaced, your insurer probably won’t cover the cost of getting it done.
The amount of coverage will tend to vary from policy to policy, and provider to provider. Thus, it’s a good idea to read the policy before committing to it. Day-to-day wear and tear on things like tyres, wipers and headlamp bulbs might also be excluded.
Is Servicing Insurance Right for You?
Whether this kind of insurance makes a good fit for your circumstances will tend to depend on a range of factors. These include the age of the car, and your driving habits. The more likely that the car is to run into mechanical problems, the more benefit it will get from regular servicing – and thus, the more sense servicing insurance will make.
If you’re travelling long distances in your car, and you’re relying on it for your income, then the benefits of this kind of insurance will tend to be considerable.
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