Battery is damaged - can I claim?

Yes, you could claim on a maliciously damaged or stolen battery but it would likely be under your deductible. The battery also has some limitations of coverage that you need to know.

Doug is the son of our buddy, Bob. Doug had a rather unusual accident this winter and found out that 43R Waiver of Depreciation has exclusions.

Doug was driving down a country road in rather bad conditions. Heavy snow and ice made the driving treacherous and Doug ended up losing control and driving into a snowbank.

The next day Doug's new truck was having problems with the transmission. So he called his insurance broker to start a claim and took his truck to the dealership who said that he needs a replacement transmission.

The good news is that yes, the damage to the truck is covered under insurance. So is the cost of the rental vehicle that Doug is using to go to and and from work. These costs are not covered under the dealership warranty.

Doug has the SEF 43R Waiver of Depreciation endorsement on his policy. His car insurance company waives any betterment costs for the new parts for 30 months from the purchase date of a new vehicle.

The bad news is that Doug does indeed have betterment on that new transmission that is going to be installed in his truck. If the truck was a total loss with a claim so high or the damage so bad that the insurance company said, "Never mind. We don't want to repair." then this wouldn't apply. But no, we're looking at $4,000-$5,000 for this transmission.

The 43R has an exclusion in the wording. It is very clearly written and it says that claims for batteries, tires, transmission or engine are excluded. Doug is going to pay quite a hefty betterment plus he will have a deductible from the insurance company.

Turners Tips advises that you ask questions. Know the exclusions on your policy. Take control of your insurance.