When you buy your new car, the last thing you want to think about is the fact that it might break down.
The reality is that as technology advances and vehicles become more complex, there are more electrical and mechanical components that can fail. And as your car gets older, the breakdown risk also increases.
That’s why a Mechanical Breakdown Insurance (MBI) policy can really make a difference. MBI covers you, potentially saving you hundreds – if not thousands – of dollars, and reducing the associated stress.
MBI example: Tim gets stuck in Tauranga
Tim uses Fenda to buy a Honda Civic that was first registered in 2004. It has 210,000 km on the clock and he wants Standard Cover Mechanical Breakdown Insurance for 36 months because he travels a lot. This policy costs $1,199. The cost is added to his car loan repayments at the same interest rate as his loan.
Tim drives from Wellington to Tauranga for a wedding one weekend. Unfortunately, his car won’t start to get him back home Sunday. He calls the number in the Provident policy document and they organise for his car to be towed. He has to stay in Tauranga for two nights and can get reimbursed for his accommodation up to $500 (subject to his claim being accepted). Once his $100 excess is deducted, the cost to fix the electronic control unit (ECU) is covered and he heads home on Tuesday.
Example only. See details of what Mechanical Breakdown Insurance covers you for in the policy document.
The boxes below show the details and pricing of Provident’s MBI policy. If you decide to purchase this policy, you do so with the understanding that you have read and understood the policy that you are buying. Please review all the details and policy conditions in the MBI policy document.
Provident Insurance allows Fenda to sell its MBI policies when you either buy a car listed on our website or buy a car privately from anywhere using our Dealstrike Private Sale Buying system. All private cars are required to go through a VTNZ inspection and any issues picked up will not be covered unless they have been rectified.
Provident Insurance allows us to sell MBI policies on electric cars at any time but only with a VTNZ inspection. Provident Insurance also allows us to sell a policy on a electric car if purchased through a licensed dealer in the past two weeks. These cars do not require a VTNZ inspection. If you would like a MBI policy on your electric car enter your number plate here and buy online:
BUY NOW ONLINE
Available for selected standard, euro, hybrids, and electric vehicles. Please note that not all vehicles are eligible for mechanical breakdown insurance through Fenda.
POLICY COVERAGE: EV Shield
EV Shield Mechanical Breakdown Insurance (MBI): Coverage in the event of an unforeseen mechanical or electrical breakdown.Premium Pricing, Claim Limits, and Excess Levels are determined by Provident Insurance assessment of the vehicle and offered to you through our digital car buying journey.
Qualifying vehicles
Standard Vehicles
Maximum Age Limit: 12 years
Maximum Kilometers: 130,000
European & US Vehicles
Maximum Age Limit: 10 years
Maximum Kilometers: 130,000
Luxury Vehicles
Maximum Age Limit: 10 years
Maximum Kilometers: 100,000
Claim limit
Claim limits are based upon the age and mileage of the vehicle at time of policy purchase and not at the time of claim.
Standard Vehicles
Claim Limit: Unlimited
Traction Battery Claim Limits
Up to 10 Years old: $10,000
11 to 12 Years old: $5,000
Older than 12 Years: $2,500
European & US Vehicles
Vehicle Claim Limit: $10,000
Traction Battery Claim Limits
Up to 10 Years old: $10,000
11 to 12 Years old: $5,000
Older than 12 Years: $2,500
Luxury Vehicles
Vehicle Claim Limit: $10,000
Traction Battery Claim Limits
Up to 10 Years old: $10,000
11 to 12 Years old: $5,000
Older than 12 Years: $2,500
Premium pricing
Standard Vehicles
12 month cover from: $685
24 month cover from: $905
36 month cover from: $1285
European & US Vehicles
12 month cover from: $685
24 month cover from: $905
36 month cover from: $1285
Luxury Vehicles
12 month cover from: $685
24 month cover from: $905
36 month cover from: $1285
Excess
Standard Vehicles
Excess: $150 to $600
European & US Vehicles
Excess: $150 to $600
Luxury Vehicles
Excess: $150 to $600
Vehicles that are outside the age limit or mileage criteria maybe offered a policy but an increased Excess level.
KEY INFORMATION
Mechanical Breakdown Insurance (Electric Vehicle)
Battery Claims
You can claim multiple times over the Period of Cover for repair of a Traction Battery. However, you can claim only once over the Period of Cover for total replacement of a Traction Battery. Following total replacement of the Traction Battery, no further claims can be made under this policy in relation to the Traction Battery. The benefits of this cover are shown on page 9 of the MBI policy document .
Special Benefits
Cover for either rental car hire, or accommodation, or vehicle repatriation in the event your vehicle breaks down more than 120kms from your home and the time taken to repair your vehicle exceeds 24 hours limited to $1,000. These allowances are detailed on page 2 of the MBI policy document .
As stated on pages 4-5 of the policy document, this insurance does not cover:
- If the vehicle has been purchased privately, repairs or replacement of components where failure occurs within 60 days of the start date of the Registration Certificate. This exclusion does not apply if a full pre-purchase inspection report is provided to us and it meets the following requirements. The report must have:
- Been completed prior to the vehicle purchase; and
- Been completed no more than 21 days prior to the policy start date; and
- Included an engine compression check.
- No cover will be provided on any pre-existing faults or defects identified in the report or any consequential damage caused by those pre-existing faults or defects, unless those pre-existing faults or defects were correctly repaired or replaced prior to the policy start date. Receipts must be provided if requested detailing the repairer, work completed and any associated costs.
- If the vehicle has been modified from the manufacturer’s original specification.
- If the vehicle will be used as a courier, taxi/carrying fare paying passengers, rental, delivery, driver/tuition vehicle.
- If the vehicle is excluded as per our list of excluded vehicles. These can be viewed on page 3 of the MBI policy document.
- If the vehicle has 8 cylinders or more.
Exclusions
A list of Excluded Vehicles, vehicle use and components, General Exclusions are stated on page 3-5, and General Conditions are stated on pages 6-9 of the MBI policy document .
Roadside Assistance
If you select Roadside Assistance, NZRA will provide 7 days a week 24 hours a day assistance. The benefits of this cover are shown on page 7 of the MBI policy document .
Vehicle servicing
A condition of this policy is that your vehicle is serviced in accordance with the Servicing Requirements stated on page 3 of the MBI policy document .
Claims procedure
In the event of a claim, please follow the Claims Procedure stated on page 9 of the MBI policy document .
Cooling off period
You can cancel this Policy within 14 working days after the date on which you purchased the Policy. Please review full details about the cooling off period on page 2 of the MBI policy document .
Fenda insurance products
Mechanical Breakdown Insurance (MBI)
Covers you in the event of a mechanical or electrical vehicle failure.
Credit Contract Indemnity Insurance (CCI)
Covers your loan repayments if you are unable to due to unforeseen circumstances.
Guaranteed Asset Protection Insurance (GAP)
Covers the shortfall between what you owe a finance company and what is paid out by your insurer.
Comprehensive Motor Vehicle Insurance (MVI)
Covers your vehicle for accident, fire and theft.
