(1) Mechanical breakdown insurance means a policy, contract, or agreement issued by an authorized insurer that provides for the repair, replacement, or service for the operational or structural failure of the property because of a defect in materials or workmanship or because of normal wear and tear.
(2) The term does not include motor club services, as defined in 61-12-301.
(3) Mechanical breakdown insurance is a type of casualty insurance provided for in 33-1-206.