R.I.P TO MY STANG
6th Gear Member
Joined: Jul 2003
Posts: 14,917
RE: R.I.P TO MY STANG
7 grand gap? Sounds like you rolled another loan into that car.
Lessons learned, drive slower in the rain, GET GAP insurance and do everything possible to not roll previous note's into new ones!
Glad you're okay mang!
Lessons learned, drive slower in the rain, GET GAP insurance and do everything possible to not roll previous note's into new ones!
Glad you're okay mang!
3rd Gear Member
Joined: Jan 2006
Posts: 884
From: Indiana
RE: R.I.P TO MY STANG
Ouch! You're lucky to walk away from that unhurt. I've had some of my own bad experiences in the rain, but luckly none of them have resulted in an accident. I drive extremely careful in the rain from now on. Hopefully you'll be back in that stang or another one quickly!
Gentleman's Relish
Joined: Feb 2005
Posts: 13,188
From: AZ
RE: R.I.P TO MY STANG
ORIGINAL: GTlust
Anytime you make a claim they'll raise your rates, that's why I like to switch insurance companies every few years so they can't get their money back! I've only made one claim and that was because the person at fault's insurance was ***** footing around. It took me 8 months to finally get my deductible back after they settle with my insurance.
Anytime you make a claim they'll raise your rates, that's why I like to switch insurance companies every few years so they can't get their money back! I've only made one claim and that was because the person at fault's insurance was ***** footing around. It took me 8 months to finally get my deductible back after they settle with my insurance.
ORIGINAL: alfromcal846
yea but if you make a claim on an "underinsured" motorist and they give you money to fix your car dont they then raise your insurance and eventually will get that money back. Insurance companies just suck you in to take your money.
yea but if you make a claim on an "underinsured" motorist and they give you money to fix your car dont they then raise your insurance and eventually will get that money back. Insurance companies just suck you in to take your money.
Mercury lets you have two not at fault or comprehensive/vadalism claims before they raise your rates. Only thing that sucks is that if you have full glass coverage and you get a new windshield from a rock hitting it, it counts as one. [:'(]
I ♥ Acer
Joined: Jun 2006
Posts: 675
From:
RE: R.I.P TO MY STANG
Sure they do. If they are in anyway related to The Mercury finance company then i'll steer clear.
ORIGINAL: Derf00
Then you're not picking the right insurance companies Mercury lets you have two not at fault or comprehensive/vadalism claims before they raise your rates. Only thing that sucks is that if you have full glass coverage and you get a new windshield from a rock hitting it, it counts as one. [:'(]
ORIGINAL: GTlust
Anytime you make a claim they'll raise your rates, that's why I like to switch insurance companies every few years so they can't get their money back! I've only made one claim and that was because the person at fault's insurance was ***** footing around. It took me 8 months to finally get my deductible back after they settle with my insurance.
Anytime you make a claim they'll raise your rates, that's why I like to switch insurance companies every few years so they can't get their money back! I've only made one claim and that was because the person at fault's insurance was ***** footing around. It took me 8 months to finally get my deductible back after they settle with my insurance.
ORIGINAL: alfromcal846
yea but if you make a claim on an "underinsured" motorist and they give you money to fix your car dont they then raise your insurance and eventually will get that money back. Insurance companies just suck you in to take your money.
yea but if you make a claim on an "underinsured" motorist and they give you money to fix your car dont they then raise your insurance and eventually will get that money back. Insurance companies just suck you in to take your money.
Mercury lets you have two not at fault or comprehensive/vadalism claims before they raise your rates. Only thing that sucks is that if you have full glass coverage and you get a new windshield from a rock hitting it, it counts as one. [:'(]
Gentleman's Relish
Joined: Feb 2005
Posts: 13,188
From: AZ
RE: R.I.P TO MY STANG
GAP is a type of insurance that covers what you owe on the car vs what it's really worth.
Say you buy a car for 20K and finance it all. A car depreciates by up to 25% it's first year...meaning at the end of the first year of payments. The car is only worth 15K but you still owe say 18K on it. That 3K GAP is a liability for you, meaning if you total your car, the insurance company donesn't have to pony up 18K but rather what the car is actually worth, 15K.
GAP insurance is an extra fee you pay from a dealer to cover that difference. With insurance companies they can offer you the coverage over a period of time they deem where you'll at least break even on what you owe and what the car is worth. Can cost way less.
Say you buy a car for 20K and finance it all. A car depreciates by up to 25% it's first year...meaning at the end of the first year of payments. The car is only worth 15K but you still owe say 18K on it. That 3K GAP is a liability for you, meaning if you total your car, the insurance company donesn't have to pony up 18K but rather what the car is actually worth, 15K.
GAP insurance is an extra fee you pay from a dealer to cover that difference. With insurance companies they can offer you the coverage over a period of time they deem where you'll at least break even on what you owe and what the car is worth. Can cost way less.
5th Gear Member
Joined: Aug 2006
Posts: 2,127
From: Los Angeles Ca
RE: R.I.P TO MY STANG
That's horrible........can't tell you how bad that looks and you are able to tell about it so quickly, you're a tough Hombre.
Nice to see you seem to be getting better news. Wow.....now I feel guilty......I paid $225.00 for the gap insurance through
my credit union for the life of the loan..........hope all works out for you.[sm=signs003.gif]
Nice to see you seem to be getting better news. Wow.....now I feel guilty......I paid $225.00 for the gap insurance through
my credit union for the life of the loan..........hope all works out for you.[sm=signs003.gif]
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