A Mechanical Warranty from Bidvest Insurance has a 30-day waiting period. During this waiting period, you will not be able to submit a claim for your Mechanical Warranty policy. This waiting period is implemented to prevent people from applying for coverage when they know they will need to file a claim soon.
What is a waiting period?
A waiting period is the duration of time that must pass before coverage will begin. You will not be able to file a claim for your Mechanical Warranty during this time period.
What is the purpose of a waiting period?
A waiting period serves as a type of protection for the insurer and the insured. People who know they will need to submit a claim soon are discouraged from applying for coverage by a waiting period. The amount of time that must pass before a claim is processed can differ from one insurer to another. There is little uniformity among insurers in terms of waiting periods. Before you get any kind of insurance coverage, you need to be sure you know how long the waiting period is.
Is there a waiting period for a Mechanical Warranty policy?
Yes. With Bidvest Insurance, there is a 30-day waiting period after your first successful premium payment. Once the waiting period has passed you can then claim from your Mechanical Warranty policy.
Get a Mechanical Warranty from Bidvest Insurance
You rely on your car to get you where you need to be. There’s nothing more frustrating than having car troubles. Not to mention the costs that come with them, high call-out fees, towing charges and more!
As a car gets older, manufacturing warranties fall away and your car becomes more prone to expensive breakdowns.
Mechanical warranties are designed to offset these repair costs. When the inevitable happens, you are protected against specified mechanical or electrical breakdowns. Mechanical Warranty from Bidvest Insurance covers a host of components in your car.
Don’t wait for those costly bills to hit your inbox. Sign up for a Mechanical Warranty with Bidvest Insurance.