Omnisource Road Hazard Warranty Available For Purchase
What is Road Hazard Insurance?
Tire Protection that provides coverage in case of damage to your tires because of nails, glass, debris, potholes, or other road hazards.
What does Road Hazard Insurance cover?
Road hazard damage is damage that occurs when a tire fails because of a puncture, bruise or impact break incurred during the course of normal driving on a maintained road. Nails, glass, and potholes are the most common examples of road hazards.
What doesn’t Road Hazard Insurance cover?
Road hazard does not cover the following items: damage from off-road use, collision, fire, vandalism, theft, show chains, manufacturer’s defect, abuse and neglect (i.e., improper inflation, overloading, brake lock up, wheel spinning, torque snags, etc.), cosmetic damage, sidewall abrasions or other appearance items that do not affect the safety or performance of the tire.
Additional Road Hazard Information
Road hazard insurance will cover the tire(s) purchased until 3/32nd’s tread depth; anything 2/32nd’s or less is not covered.
Road hazard insurance is provided as an add-on service/available to customers who purchase tires from Omnisource.
Road hazard insurance is limited only to the original tire(s) and are not assignable to subsequent tire(s).
What type of Tire(s) are covered under our Road Hazard program?
We offer 2 types of Road Hazard Insurance:
How to order Road Hazard Warranty/Insurance?
Customer can order the Road Hazard Insurance by asking their CSR to add the Road Hazard warranty to the specific tire(s) purchased.
How to process Road Hazard Credit for Returned tires?
It is important to examine each tire closely to determine if it is in fact a road hazard issue, per the definition above including minimal tread depth as listed.
If the tire does not fit the criteria or does not have at least 3/32 tread depth, we will not issue a Credit Memo for the tire(s).
The formula for calculating how much credit the customer receives is as follows:
You automatically take off 2/32nd’s from the current tread depth
Cost of tire divided by the original tread depth then multiply that by the current tread depth minus 2/32
Example (also see below in NetSuite):
· Cost of tire is $175.00
· Original tread depth is 16/32
· Remaining tread depth is 7/32 – 2/32 = 5/32
· $175.00 divided by 16 = $10.94
· $10.94 multiplied by 5 = $54.70 credit to customer