A niche insurance product that has maintained volumes and where we are seeing massive growth and need, is mechanical warranty insurance.
Millions of South Africans are choosing to drive their vehicles for much longer and are delaying new vehicle purchases in order to stretch their Rand further, which exposes them to the risks of ‘out of manufacturer warranty’ breakdowns.
In such circumstances, a Mechanical Warranty Insurance policy covers the repair of your car due to mechanical failures or breakdown once it falls outside of its factory warranty period
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