Tire Coverage for wear and tear?

[rohit92]

Hey guys,
I was recently talking to one of my uncles about his 2005 BMW X5. When he purchased it, he was offered a tire plan from the BMW Dealership that covered wear and tear. Unfortunately, the company that offered than plan went out of business. However, BMW is required to fulfill the plan to anyone who had already purchased it. I was wondering if anyone knew of any companies that offer plans that cover wear and tear. I have RFT on my 335xi and I really would like to get some type of tire coverage. Please don't respond by saying it is not worth it to have this plan, etc.... Thanks for your time!
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[mryakan]

No plans that I know of cover tire wear, that would make an insurance company go out of business pretty quickly!

[pruettfan]

It's called your wallet. No company in their right mind would sell something like that unless they charged enough to cover the cost of the tires plus profit. Come to think of it if you pay me 5 grand I will buy you new tires when they wear out. Interested??

[KentW]

Seems pointless, to me. Either the premium is going to be astronomical, or there will be loopholes galore to enable the insurance company to deny payment except in the most specific set of circumstances. Or, both.

Most extended warranty plans (for tires or anything else) that claim to cover "wear and tear" only cover premature wear. If you simply drive hard and wear your tires out, chances are they'll say this is "customer abuse" and deny coverage.

Just stick $40 in the bank every month. In two years you'll have ~$1,000, which should cover a new set of RFTs even at dealer prices.

[samger2]

Many tires have a tread wear warranty, but you're not going to find any treadwear warranties on performance tires...especially low profile summer only performance tires that are Z or W rated. The tires are by no means meant to last...they're meant to perform in dry conditions.

You may find an aftermarket roadhazard company that will cover damage to your tires...but read the fine print...make sure the company will REPLACE the tire if damaged...not just fix it...it is not recommended to repair a runflat...so if in the company is going to repair it then they're going against manufacturers recommendations.