Auto Insurance - My Truck Got Stolen - GoFuckYourself.com

TheSenator · 01-01-2004, 03:20 PM

I financed 45,000 and paid 12,000 so far.....I have full insurance...does anybody know how much money I get back from my insurance company?

Yukon 2002 Denali

Shit happens...Happy New Fucking Year

funkmaster · 01-01-2004, 03:21 PM

... about 254.000$ US ... didn't you say it was a lambo ???

SoundMan · 01-01-2004, 03:22 PM

kelly blue book price - your 12k

hyper · 01-01-2004, 03:24 PM

you get retail book value.

OR

the trick is to find a similar vehicle price higher than book value then submit it to the insurance co.

they have to pay the higher amount

stocktrader23 · 01-01-2004, 03:25 PM

Depends on your insurance.

hyper · 01-01-2004, 03:26 PM

also check with your finance company and see if you got G.A.P Insurance. that covers the difference betwwen the amount owed and the cash value of the vehicle

tamparay · 01-01-2004, 03:32 PM

As long as you have GAP insurance you get your payoff amount in full.

www.lmlive.com

Swanks · 01-01-2004, 04:46 PM

That sucks, how did it get stolen?

TheSenator · 01-01-2004, 07:56 PM

I have GAP coverage because I finance the truck!!!

xanx · 01-01-2004, 07:58 PM

Quote:

Originally posted by TheSenator
I have GAP coverage because I finance the truck!!!

That doesn't mean you have GAP

xxxoutsourcing · 01-01-2004, 08:02 PM

That sucks, but every think of getting an good alarm and immobiliser system????
Next time get a alarm that locks the doors, have the door locks removed and have bomb proof glass fitted, it's a stong film that goes on the inside of the glass like a lamination, so if they smash the glass it stays in one peice and makes it very difficult for them to get in.

The harder you make it the more chance you got of keeping your vehicle!

Rictor · 01-01-2004, 08:07 PM

Yah, you don't automatically get GAP, it's something extra they try to sell you with your policy. It's usually wise to take it though...it's like an extra $5 a month.

TheSenator · 01-01-2004, 09:57 PM

Is "Loss Payable Clause" the same as GAP insurance?

hyper · 01-01-2004, 10:05 PM

no that just authorizes payment to the finance company.

look at the finance contract you signed, its usually a seperate page through a 3rd party insurer, such as disability and life ins. that makes the payments if u cant

Swanks · 01-01-2004, 10:39 PM

I know this whore whos boyfriend spoiled the hell out of her for xmas.. 4 lcd screens, dvd player and front monitor, speakers and and alarm system that when even the slightest touch is applied to the car it sends a ring to her cell phone along with a notification of what section of the car is being messed with. You need an alarm like that. Im seriously considering getting one myself after seeing it.

PersianKitty · 01-01-2004, 10:45 PM

Quote:

Originally posted by TheSenator
I financed 45,000 and paid 12,000 so far.....I have full insurance...does anybody know how much money I get back from my insurance company?

Yukon 2002 Denali

Shit happens...Happy New Fucking Year

The insurance company will likely ask you how many miles were on the vehicle in order to determine blue book value. If you've driven a standard amount it's likely gonna be appraised at $31K to $34K. Then they get a payoff amount from your finance company, pay them that amount and you get any remainder. Remember alot of that $12K you've paid is interest. You're likely not going to see anything. And if I did the math correctly you may owe some to the finance company, if you didn't have GAP insurance.

TheSenator · 01-01-2004, 11:02 PM

Quote:

Originally posted by PersianKitty

The insurance company will likely ask you how many miles were on the vehicle in order to determine blue book value. If you've driven a standard amount it's likely gonna be appraised at $31K to $34K. Then they get a payoff amount from your finance company, pay them that amount and you get any remainder. Remember alot of that $12K you've paid is interest. You're likely not going to see anything. And if I did the math correctly you may owe some to the finance company, if you didn't have GAP insurance.

thanks

01-01-2004, 03:20 PM	#1
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,336	Auto Insurance - My Truck Got Stolen I financed 45,000 and paid 12,000 so far.....I have full insurance...does anybody know how much money I get back from my insurance company? Yukon 2002 Denali Shit happens...Happy New Fucking Year

01-01-2004, 03:24 PM	#4
hyper Confirmed User Join Date: Mar 2002 Location: Mass Ass Posts: 5,294	you get retail book value. OR the trick is to find a similar vehicle price higher than book value then submit it to the insurance co. they have to pay the higher amount __________________

01-01-2004, 03:25 PM	#5
stocktrader23 Let's do some business. Industry Role: Join Date: Jan 2003 Location: The dirty south. Posts: 18,781	Depends on your insurance. __________________ Hands Free Adult - Join Once, Earn For Life "I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."

01-01-2004, 03:26 PM	#6
hyper Confirmed User Join Date: Mar 2002 Location: Mass Ass Posts: 5,294	also check with your finance company and see if you got G.A.P Insurance. that covers the difference betwwen the amount owed and the cash value of the vehicle __________________

01-01-2004, 08:02 PM	#11
xxxoutsourcing Confirmed User Join Date: Oct 2003 Posts: 3,888	That sucks, but every think of getting an good alarm and immobiliser system???? Next time get a alarm that locks the doors, have the door locks removed and have bomb proof glass fitted, it's a stong film that goes on the inside of the glass like a lamination, so if they smash the glass it stays in one peice and makes it very difficult for them to get in. The harder you make it the more chance you got of keeping your vehicle! __________________ xxxoutsourcing.com ICQ:119936 \| Aim:xxxoutsourcing \| MSN:msn@ xxxoutsourcing.com \| Yahoo:xxxoutsourcing Submitters, Designers, Programmers, Cartoonist, Creative Writers, Video & Photo Editors Convert your Paysite into a cartoon site convert2toons.com

01-01-2004, 03:21 PM	#2
funkmaster So Fucking Banned Join Date: Sep 2001 Location: shell beach Posts: 7,938	... about 254.000$ US ... didn't you say it was a lambo ???

01-01-2004, 03:22 PM	#3
SoundMan So Fucking Banned Join Date: Nov 2003 Location: MidWest Posts: 3,471	kelly blue book price - your 12k

01-01-2004, 03:32 PM	#7
tamparay Registered User Join Date: Dec 2003 Location: Sex Coast Posts: 7	As long as you have GAP insurance you get your payoff amount in full. www.lmlive.com

01-01-2004, 07:56 PM	#9
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,336	I have GAP coverage because I finance the truck!!!

01-01-2004, 08:07 PM	#12
Rictor Old Timer Industry Role: Join Date: Jan 2001 Location: Indianapolis Posts: 12,208	Yah, you don't automatically get GAP, it's something extra they try to sell you with your policy. It's usually wise to take it though...it's like an extra $5 a month.

01-01-2004, 09:57 PM	#13
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,336	Is "Loss Payable Clause" the same as GAP insurance?

01-01-2004, 10:05 PM	#14
hyper Confirmed User Join Date: Mar 2002 Location: Mass Ass Posts: 5,294	no that just authorizes payment to the finance company. look at the finance contract you signed, its usually a seperate page through a 3rd party insurer, such as disability and life ins. that makes the payments if u cant __________________