While most insurance companies will cover damaged alloys, their “excess” claims fees are often equivalent to the cost of a repair. What’s more when you claim through your main insurer, you might lose your no claims bonus and you could see future insurance premiums increase.
Alloy insurance is designed to provide a more cost-effective way to cover the cost of repairs. A good policy will require a modest monthly premium that will work out less than paying an “excess fee” on a damage claim through a main insurer. Furthermore, you’ll get to keep your main insurer’s no claims bonus intact and future increases to your annual insurance premium will be less at risk.