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Mechanical breakdown insurance, also called car repair insurance, is a type of insurance policy or an endorsement to your auto insurance policy that helps cover the cost of mechanical and ...
Compare the cost of basic coverage — liability, collision and comprehensive — and additional coverage that you might need to stay safe, like rental car reimbursement, roadside assistance and ...
Gap insurance: Covers the difference between the insurance payout and your remaining loan balance if your financed car is stolen or declared a total loss while you still owe more than it’s worth.
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This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
A vehicle breakdown is a mechanical or electrical failure of a motor vehicle in such a way that the underlying problem prevents the vehicle from being operated or impedes the vehicle's operation so significantly that it is very difficult, nearly impossible, or else dangerous to operate. [1] Vehicle breakdowns have various causes.
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