Mechanical Breakdown Coverage from your insurance co.
09-18-2009, 04:13 AM
#1
Contributors
Thread Starter
Join Date: Aug 2008
Location: Zoo York
Posts: 9,986
Likes: 0
Received 1 Like
on
1 Post
My Ride: Alpine White 2006 530Xi (SLD)
I don't have MBI on my policy, so I decided to see how much it would cost me to add this coverage. I would never use it for any minor issues - only if the repair bill is seriously in the four-figure territory. Now, according to my insurance carrier (GEICO), it offers MBI only on cars that are less than 15 months old and have less than 15k miles - which is, of course, futile, because ANY car on the market today that is less than 15mo/15k mi old will still be covered under the manufacturer's warranty. This brings up my question: is this MBI coverage a total BS? Has anyone ever used it with any success? In general, please share your knowledge on this issue.
PS Please don't intertwine any info about aftermarket warranty into here - that's a whole separate issue and it has been discussed plenty on this forum.
PS Please don't intertwine any info about aftermarket warranty into here - that's a whole separate issue and it has been discussed plenty on this forum.
09-18-2009, 05:15 AM
#2
Contributors
Join Date: Mar 2009
Location: South. Deeep South.
Posts: 606
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 535i Monaco blue/cream beige, light poplar trim, sport, nav, premium, Logic 7, 6 speed manual
My other rides:
Departed: 2006 530xi Silver gray/black, anthracite maple trim, cold, sport, nav, premium, Logic 7, 6 speed steptronic, bluetooth, adaptive xenons
Departed...2002 525i White/beige, 5 sp manual
V did they give you an idea of what it would cost to add to your insurance if your car was eligible?
09-18-2009, 12:07 PM
#3
Senior Members
Join Date: Jun 2007
Location: Atlanta, GA
Posts: 1,845
Likes: 0
Received 1 Like
on
1 Post
My Ride: 2008 535i:
(8/07 Build) Metallic Bronze, Beige NASCA Leather, Ventilated Seats, Sport Pkg, Cold Wxr Pkg, Logic-7 Sound, HUD, Night Vision, PDC, Split Rear Seats, NAV, Premium Pkg, Comfort Access, HD Radio, Sport Auto Trans
Current mods: M-Aero Kit, JB4, Motorcepts 6000k HID Foglamps
Umnitza ICE-Lite 10w LED 6000k AE's
1992 Camaro RS:
Fully Restored w/Custom Interior, 5.0L V8, T-tops, OEM Z28 Foglamps, Inst Cluster, & Spoiler, Custom Sound, Too many engine mods to list
Originally Posted by v_therussian' post='1010932' date='Sep 18 2009, 08:13 AM
Now, according to my insurance carrier (GEICO), it offers MBI only on cars that are less than 15 months old and have less than 15k miles - which is, of course, futile, because ANY car on the market today that is less than 15mo/15k mi old will still be covered under the manufacturer's warranty.
Unless things have changed.......
09-18-2009, 02:30 PM
#4
Originally Posted by pukka' post='1011233' date='Sep 18 2009, 03:07 PM
GEICO should have told you their warranty is good for up to 75k - 100k miles, which is longer than almost any stock manufacturer's warranty.
Unless things have changed.......
Unless things have changed.......
If you begin coverage with the car being less than 15 months old and having less than 15 K miles, you will be able to continue it until whatever time or mileage they will allow.
Thread
Thread Starter
Forum
Replies
Last Post
bestofthebest
Complete Car Sales
4
03-28-2016 02:47 PM
jluzbet
Private Member Classifieds
2
11-07-2015 01:25 PM