Car insurance in New Zealand (NZ) is a form of financial protection for vehicle owners. It is a contract between the vehicle owner and an insurance company, where the owner pays a regular premium. In return, the insurance company agrees to cover certain damages or losses related to the insured vehicle. Explanation: Financial Protection: Car […]
Do I Need Mechanical Breakdown Insurance? Introduction As a responsible car owner, you understand the importance of protecting your investment. You likely have auto insurance to cover accidents, theft, and other unforeseen events. However, you may have heard about another type of coverage – mechanical breakdown insurance (MBI). This blog explores MBI, how it differs […]
Gap insurance is an acronym for ‘Guaranteed Asset Protection’. It is an extra add-on protection that can assist some drivers in covering the “gap” between their vehicle’s financed balance and its actual cash value (ACV), in the case of an insured accident in which their car is deemed a total loss. For instance, suppose you are […]
Consider for a moment that you didn’t have your car because it was being repaired following a horrific accident. To travel to university or work, you would have to rely on friends and public transportation. Or you may encounter costs that you had not budgeted for. That is why having a car insurance policy is […]
