What Does MBI Insurance Cover? Exploring the Benefits and Limitations
When it comes to protecting your vehicle, insurance coverage is essential. While most people are familiar with traditional car insurance policies, there is another type of coverage that is worth exploring - Mechanical Breakdown Insurance (MBI). In this article, we will delve into what MBI insurance NZ covers and discuss its benefits and limitations. Understanding the specifics of MBI insurance is crucial for vehicle owners, as it can provide peace of mind and financial protection when unexpected mechanical breakdowns occur. Understanding MBI Insurance To begin, let's define MBI insurance and its abbreviation. MBI stands for Mechanical Breakdown Insurance, and it is an optional coverage that vehicle owners can add to their insurance policies. Unlike traditional car insurance, which primarily covers damages resulting from accidents, MBI insurance NZ focuses on protecting against costly mechanical repairs after the manufacturer's warranty expires. It is important to note