Understanding Mechanical Breakdown Insurance For Older Cars

The concept of mechanical breakdown insurance (MBI) can be confusing, especially when it comes to older cars. MBI is a type of vehicle insurance that covers repairs in the event of mechanical failure or breakdown of the vehicle. It’s important to understand what’s covered, and what’s not, when it comes to older cars.

What is MBI?

Mechanical breakdown insurance (MBI) is a type of coverage that protects you from the cost of repairs to your vehicle due to mechanical failure or breakdown. This type of coverage is not offered by traditional auto insurance policies, but is available as an add-on to a standard auto policy. MBI can be purchased from most major auto insurers, as well as from some specialty insurers.

What Does MBI Cover?

MBI covers the cost of repairs to your vehicle due to mechanical failure or breakdown. It covers repairs to the engine, transmission, brakes, and other components of the vehicle. It also covers parts and labor costs associated with the repairs. MBI does not cover wear and tear, damage due to accidents, or damage due to negligence.

What Doesn’t MBI Cover?

MBI does not cover damage due to accidents, wear and tear, or damage due to negligence. It also does not cover damage due to environmental factors, such as hail or flooding. Additionally, the coverage will not cover repairs that are not related to mechanical failure or breakdown, such as routine maintenance or body work.

Should I Get MBI For My Older Car?

Whether or not to get MBI for your older car is a personal decision. If you are worried about the cost of repairs due to mechanical failure or breakdown, then MBI could be a good option. However, if you are financially able to cover the cost of repairs without MBI, then it may not be a necessary expense. It’s important to weigh the pros and cons to determine if MBI is right for you.

In Conclusion

MBI is a type of vehicle insurance that covers repairs due to mechanical failure or breakdown. It covers parts and labor costs associated with the repairs, but does not cover damage due to accidents, wear and tear, or negligence. Whether or not to get MBI for your older car is a personal decision, and it’s important to weigh the pros and cons before making a decision.