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Originally Posted by RobbyMack
That all being said anyone driving a car like a M3 or other luxury vehicle is better off with a insurance company not geico because their offered limits of insurance and available umbrella are not enough if you have decent income and assets to protect. That liability risk is way more important than some mechanical breakdown insurance.
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Well, I have a Geico Policy with $1M per incident and $200k property so your inference that Geico offered limits are not enough is ignorant....almost just like your statements that catastrophic failures only happen on internet posts.
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Originally Posted by Poochie
I want to add the another reason MBI is better than the factory warranty is because insurance companies are govern by your state's regulations, which are stringent laws an insurance company must abide by, in order to operate in that state. Layman's terms; they can't deny coverage for any arbitrary reason, unlike a dealer.
The factory warranty is not held to such high standards that an insurance company has to follow. So you have a much better chance of MBI paying for an issue over the factory warranty, as asinine as that might sound.
There is actually distinguishing difference between a "warranty" and "insurance" although they might seem the same.
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Nope.
States regulate Insurance.
Just as Extended Warranties are not actually Warranties, MBI is not Insurance and as thus not regulated by the State.