Automobile Glass Insurance Coverage
Did you know: most automobile insurance policies have an endorsement that limits the automobile glass insurance coverage?
In Alberta, the majority of automobile insurance policies (that include physical damage coverage) have the SEF 13D Limited Glass Endorsement applied. This endorsement limits glass coverage to Specified Perils only, and includes vandalism coverage to windows other than the front window. This means that if the SEF 13D Endorsement is added to your policy, you would not have coverage for glass damage caused by rocks, chips, and other debris.
So why would we, as your Broker, suggest that you limit your glass coverage?
By applying the SEF 13D Endorsement to your policy, your Comprehensive premiums are significantly reduced. Most Insurers provide a 50% (or more) discount when this endorsement is added. As well, the minimum Comprehensive deductible on most automobile insurance policies is $250 or $500. In the event of an automobile glass claim, you would be required to pay this amount first. In many cases, the automobile glass costs less than the deductible to repair or replace.
There are instances when you may still prefer to have glass coverage on your vehicle(s), especially if it is a newer or high end model. In these cases, we recommend purchasing a specialized Autoglass Insurance policy through AMI Insurance. The cost of a policy with AMI can be as low as $186.00/year or $18.00/month, which is often covered by the savings of limiting the glass under your automobile policy.
Please do not hesitate to contact us if you have any questions regarding your automobile insurance policy or if you would like to review your current policy coverage.
The Costen & Associates Team