Listen to ASIC Deputy Chairman, Peter Kell talk about the sale of add - on insurance policies
like mechanical breakdown insurance through car dealers and how the market is failing consumers.
Not exact matches
Mechanical Breakdown Insurance extends and complements your car's warranty, and can help you manage the costs of random out - of - pocket expenses,
like whatever's happening to imaginary you back in the first paragraph.
Like an extended warranty the
mechanical breakdown insurance coverage pays for repairs to a car in excess of the manufacturers warranty and may also provide additional coverages as part of the
insurance package depending on the
insurance company.
Like extended warranties,
mechanical breakdown insurance policies vary in the amount of coverage they provide and are generally only valid as long as you keep your
insurance premium payments current and your policy has not been canceled.