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Posted by on October 21, 2021

 

What is mechanical breakdown insurance? MBI is an optional component of automobile insurance intended to cover unexpected trips to the repair shop not directly caused by an accident. For instance, a puncture in your car’s air conditioning hose would be covered by MBI if you had it as an extra policy. While the policy appears reasonable on paper, many specialists question its practicality. Here’s why. 

For most consumers, what is mechanical breakdown insurance? It is basically an add-on offered by car insurance companies. It provides for repairs to your car after it has been driven five hundred miles or more without proper maintenance or storage. The policy may also cover other instances when your car is deemed a safety hazard. It can cover damages to the body and parts of the engine, and even includes coverage for the cost of towing. 

What is mechanical breakdown insurance? It is actually a misnomer. A true mechanical breakdown is one where the car actually stops working for a period of time, usually lasting less than a day. A real malfunction is one where the vehicle does not stop at all, or only stops partially. Therefore, your insurance policy will not cover damage caused by a real mechanical failure. 

You may be wondering, “What is mechanical breakdown insurance?” To get started, your insurance company will need access to information about your car. Your vehicle identification number (VIN), make, model, color, transmission type, year, and safety rating will furnish the information needed by the insurance company to determine the amount of coverage you require. Additional factors that affect coverage include your driving record, how many people will be operating the car, the distance between you and others who need to use the vehicle, and if the car is garaged overnight. 

What is mechanical breakdown insurance? Similar to several types of auto insurance, it pays out if your car breaks down because it was not maintained properly. Mechanical breakdowns are covered under warranty contracts, and the insurance company may pay you to repair the car at no cost to you. It will then be covered under your warranty should you decide to purchase extended warranties for the car or truck. 

What is mechanical breakdown insurance? To begin with, you will need to add a small amount of money to your premium each month, or pay a higher premium if you choose to purchase extended warranty coverage. Then, within that amount of money you will need to provide proof of your car’s safety history. This includes evidence of any previous accidents and the number of years the car has been on the road. If you have an older model, it may cost you more in premiums, because there are fewer choices available for coverage. 

Mechanical breakdown insurance may also cover you in the event of a fire or theft, if the vehicle was damaged by vandalism or a natural disaster. This type of insurance will also provide coverage if you hit a rock and broke your car in half, if your brakes fail and the tires blow out, and 

if you have a motor vehicle accident that was your fault. Some plans also cover you if your tires get flat and the car can’t move, if you have a serious medical condition, and if your vehicle battery dies. This coverage differs from state to state. In some states, you may be covered while at work, and if you were the cause of an automobile accident, even if you are the one at fault. Other plans, however, do not have this type of liability protection.

You also need to be aware that many companies offer extended vehicle protection plans that can provide for a significant increase in your auto insurance premium. The reason for this is that they offer a significant reduction in the cost of repairs. If you take advantage of these plans, they can end up saving you hundreds of dollars per year on your vehicle insurance premiums. If you find that you cannot afford the deductible, or the extended warranty, you can shop around and request quotes from several different companies, compare the cost of coverage and choose the one that best meets your needs.

Similarly you may be curious if mechanical breakdown insurance is like regular insurance? It is more like an auto extended warranty. “What is a warranty?” A warranty is something that is in writing and guarantees a promise to repair or replace something within a considered time period. A car warranty covers repairs for your car in the event something breaks down. A mechanical repair, a transmission, your ac unit in the car. All of these examples should be covered under warranty when purchasing the car. On a used car or second hand purchased car, you can buy these extended warranties after the manufacturer’s warranty expires. This way, you are always covered and you know that you are saving thousands of dollars on costly repairs. 

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