BMW New Vehicle Extended Warranty Insurance

What we will pay1. Repairing or replacing components of your vehicleIf, during the period of insurance, your vehicle requires repair or the replacement ofcomponent(s) being component(s) which would have normally been covered by theoriginal manufacturer’s new vehicle warranty if it had not expired, excluding normalwear, we will, at our option, either:a. repair; orb. replace, the component(s) requiring repair or replace the component(s) withcomponentry of a similar type and quality as the component(s) used in yourvehicle; orc. pay the reasonable cost of such repair or replacement.In doing the above under a, b, or c, we:• may take into account the age of the component(s) to be repaired or replacedand the number of kilometres travelled by your vehicle; and• will not repair, replace or pay for component(s) excluded under “What is notcovered” on pages 9 and 10; and• may direct you to an Allianz preferred repairer.2. Additional benefitsIf we agree to your claim under Section 1 “Repairing or replacing components ofyour vehicle” above, we will also pay for the following additional expenses you maynecessarily and reasonably incur:a. Quality guaranteeAll repairs to components authorised by us prior to the commencement of repairswill be covered by this policy for the remaining period of insurance.b. Consumable itemsAny items that require periodic replacement as part of normal vehicle maintenance,are not covered by this BMW New Vehicle Extended Warranty Insurance (refer to“What is not covered” on pages 9 and 10). We will however, pay to replace suchitems if they are required in relation to an authorised repair.7