What does Mechanical Breakdown Insurance mean? Read on to discover the definition & meaning of the term Mechanical Breakdown Insurance - to help you better understand the language used in insurance policies.
Mechanical Breakdown Insurance
premiums attributable to policies covering repair or replacement service, or indemnification for that service, for the operational or structural failure of property due to defects in materials or workmanship, or normal wear and tear. (May cover motor vehicles, mobile equipment, boats, appliances, electronics, residual structures, etc.)
We hope the you have a better understanding of the meaning of Mechanical Breakdown Insurance.