Why is only 70% of the tire cost reimbursed?
1 Answers
Insurance only covers 70% of tire costs because tires are normal wear-and-tear consumable parts of a vehicle. They experience certain degrees of wear during daily usage, so insurance companies cannot provide full compensation for brand new tires when accidents occur. Tire claim regulations: For traffic accidents caused by tire blowouts that result in damage to third-party individuals, vehicles, or property, the insured third-party liability insurance can be used for compensation. For damage to one's own vehicle in a traffic accident, the insured vehicle damage insurance can compensate for other components except tires and rims. Reasons for non-compensation of tires: Since tires are consumable items connecting the vehicle to the ground and undergo normal wear with vehicle mileage, insurance companies will not provide compensation when tires alone have problems.