Monday, October 11, 2010

23% of Car Insurance Companies do not cover Misfuelling

As per a study conducted on 288 motor insurance companies, 23% of insurers do not provide coverage for misfuelling. The study was conducted by financial research firm; Defaqto.

Misfuelling is a common mistake that many motorists do. In UK alone there were 10,00,000 incidents of it in 2009. Misfuelling is on a rise not because drivers forget which fuel does their cars run on but due to the switching of fuel on which the car runs. Due to the rising fuel rates motorists make their diesel running cars into petrol ones and vise versa. They feel by doing so they will be able to save the cost of fuel but in reality, they are inviting more trouble. This can lead to severe damage to the vehicle and may cost up to £7,000 for fixing the problem. But the problem is this is not covered by many motor insurance providers and hence will cost the motorists big time.

Most of the insurance companies do not even provide coverage for towing the cars to the garage. This means when a car breaks down due to misfuelling or any other reason its owner has to bear the burnt.

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Many times motor insurance holders think they are insured for every damage that is caused to their cars. This is because they do not check the fine print details with their insurance company and this is the reason they end up paying huge amounts even after having an insurance. Misfuelling is one of the most common reason which makes car owners spend high amounts and is not insured by many insurance providers. Hence it is necessary that the car owners cautiously choose their insurance company after knowing all the facts.

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