Mechanical Breakdown Insurance

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Mechanical Breakdown Insurance Mechanical breakdown insurance is an insurance plan that provides broad protection from mechanical failure for the entire length of your term. Mechanical breakdown insurance is an optional add-on meant to cover trips to the mechanic not caused by an accident, therefore it is not covered under a standard auto insurance policy. Premiums attributable to policies covering repair or replacement service, or indemnification for that service, for the operational or structural failure of property due to defects in materials or workmanship, or normal wear and tear. (May cover motor vehicles, mobile equipment, boats, appliances, electronics, residual structures, etc.) For example, a busted engine or puncture in your air conditioner hose will be covered by MBI. MBI does not, however, cover routine tune-ups, tire issues or damages caused by poor maintenance on the driver's part. Any repairs caused by a car accident or crash go through your collision or comprehensive coverage. Admittedly, there is a lot of overlap between MBI and your car's warranty in terms of coverage. Many of the things that can break down with a new car will be covered by the warranty. On the other hand, MBI plans are a bit broader than a regular warranty and may cover breakdowns that don't match the specific descriptions laid out in a warranty. MBI plans also last longer than warranties, which are usually for three years. Mechanical breakdown insurance covers most of the parts and systems in your vehicle, but certain things may be excluded, generally it does not cover wear and tear, or damage caused by accidents. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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