MBI is a policy that provides the cover for the reasonable cost of repair due to the actual failure of mechanical and electrical parts as a result of sudden and unforeseen breakdowns that occur during normal vehicle use.
There are few different cover options, excesses, claim limits and benefits that are specific to different categories of vehicles, for example petrol and diesel powered, Japanese or European made vehicles.
Policies available provide additional benefits:
There are exclusions, limits and conditions which apply to both repair costs and the additional benefits which are set out in the policy. There are also servicing requirements which you are required to have evidence of. No repairs must be undertaken unless authorised by Claims Services.
Important – This is only a brief summary; for further information please refer to your vehicle or finance consultant and the copy of the policy certificate and booklet for full coverage, conditions, exclusions and benefits.