What you need to know about auto repair insurance

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13 AT YOUR TECH Money Guide: All About Auto Repair Insurance.

GRAND RAPIDS, Michigan – We’ve all seen the commercials on auto repair insurance, also known as vehicle maintenance contracts, that are supposed to protect you when you need a major repair. But the question is, is it worth it?

“Whether it’s health insurance, life insurance, auto insurance, auto insurance, repairs today are high. So why not stop yourself from paying for some of these expenses sometimes. personal, ”said Bruce Angell, CFO at Gezon Motors.

Angell says the cost of repairs is going up for the simplest things, and you should buy a vehicle maintenance contract to protect your investment. But he says they don’t cover everything.

“The consumer is still required to do their routine maintenance,” Angell said. “So things like oil changes, tire rotations, light bulbs, wiper blades, belt hoses.”

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Angell added: “I tell them that the two most expensive things that probably aren’t covered are when it comes time to brake, they’re on the hook for their brake pads and if that requires a rotor, and ultimately their tires. will wear out too. So the tires are not covered. “

Angell said the service contract covers some of your larger items depending on the level of insurance you purchase. He said if you need to repair or replace things like: air conditioning, cooling systems, electrical systems (including the car’s computer), engine, exhaust gases, fuel systems , steering components, drivetrain – things that can cost you thousands of dollars.

So, is it worth it? Well, it depends on your needs and your finances.

Experts say there are a few questions you should ask before purchasing auto repair insurance, such as: can you choose your own repair shop? and Does the auto repair insurance policy have any additional benefits?

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