Erik,
Don't worry, there are several possibilities here. 1 is that the switch has failed. Take a close look at it, if it is still the original one, they are originally opaque and if it is now black/ dark grey, or is actually leaking oil, then it has failed. They fill up with oil and create a circuit to earth when this happens, switching on the dash warning light.
2ndly, they can be damaged by water ingress due to high pressure cleaning, the moisture can get into the outer housing and again, create a circuit to earth.
This symptom is typical of these failures.
And take heart that if the light really was accurate, then there would be very little bearing material left by now
JC
The Isuzu 110. Solid and as dependable as a rock, coming soon with auto box😊
The Range Rover L322 4.4.TTDV8 ....probably won't bother with the remap..😈
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