MBI Warranty Myths
Fact or Fiction - Common MBI Myths
There are so many different kinds, types, and levels of extended vehicle warranties, that it can be hard to separate rumor from truth. We've taken a couple of the most popular warranty myths and given you the straight answer so you can make your purchase with greater confidence.
MYTH - MBI Coverage is inferior to a manufacturer's warranty or extended car warranty.
FACT - A number of companies like Warranty Direct offer MBI coverage that is equal to or equivalent to manufacturer’s bumper-to-bumper style warranties. Although there are also lower levels of MBI coverage available, a bumper-to-bumper MBI plan offers much the same peace of mind as a manufacturer or extended vehicle warranty.
MYTH - MBI is just a way for companies to offer less coverage for more money.
FACT - States like California have made MBI coverage the preferred style of coverage because it offers drivers a greater range of pricing and cost, depending on the level of coverage desired. Additionally, because MBI extended vehicle warranty coverage is administrated by an insurance company, it is usually subject to very strict reviews by governmental or other regulatory organizations – which means that quality and pricing must meet certain minimum standards. /p>
MYTH - MBI only covers severe damages and breakdowns.
FACT - Any trustworthy and reliable MBI extended warranty plan will offer coverage of most, if not all, major vehicle systems. While a complete failure of these systems may indeed be considered "severe," smaller breakdowns are often also covered by an MBI plan.