The rim damage cover provides protection against the damage caused to wheel rims of a vehicle. While the tyre protection cover provides insurance for the damage caused to tyres, it does not cover any damages done to the wheel rims. Hence, policyholders have to buy this add-on by paying an additional amount. The add-on can be bought along with a comprehensive insurance policy or with a standalone own damage policy. It cannot be bought with a third party insurance.
In case a rim gets physically damaged or warped, the policyholder can raise a claim under this add-on. The insurer will provide replacement of the rim with the same make and model specifications. If the model with the same specifications is unavailable, and a superior model is available, the insurance company covers the basic costs, while the policyholder bears the additional charges. However, the add-on can be used only for a specific number of times. Usually, the add-on can be claimed 4 times in one policy tenure but the actual number varies from insurer to insurer.
One must consider the following points before opting for a rim damage cover:
General inclusions provided by the add-on are:
Given below are the list of things that are not included under the Rim Damage Cover:
Although people can buy the rim damage cover at a minimal addition to the comprehensive policy, there is a Compulsory Deductible every time a claim is registered. Sometimes, it may happen that the deductible is almost the same as the cost or repair/replacement. Hence, the decision to whether to make a claim or not depends on the kind of tyres the vehicle has and the cost of new rims for the vehicle.
Moreover, a claim under this cover might or might not impact No Claim Bonus benefit (varies from insurer to insurer). Some insurers don't consider it as long as no other claim is made for damage to the vehicle. Hence, under your policy, if your NCB gets affected if you make a claim under this cover, it would be beneficial if a claim is not registered.