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Automotive Leasing & Financing Discuss the leasing and financing of your Mercedes-Benz.

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Old 10-11-2011, 10:17 PM   #1
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Don't pay dealer prices for Extended Warranty Coverage

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Last edited by autoPOM; 10-11-2011 at 10:21 PM.
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Old 10-12-2011, 10:04 AM   #2
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Seems pretty lame - it appears your company won't take a CL65, SL65, S65, S600 or several other cars I tried that were turbo charged. Looks like the same ol' insurance garbage…. if you 'might' have to pay out - you don't even offer coverage.
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Old 10-12-2011, 05:24 PM   #3
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Auto_POM-Mercury Extended Warranty Coverage

“AutoPom! and Mercury do not claim to be able to cover every brand and model. No one does.
We do offer coverage on over 85% of Mercedes models and have thousands of happy Mercedes customers. In fact, we sell more contracts to Mercedes owners than any other brand of vehicle.
We try to offer a competitive product for 99% of the driving public and certainly do not want to charge them more to cover the costs of the 1% that own very high-end vehicles that tend to be very expensive to repair. The models we do not provide coverage for include CL65, CL600, SL55, SL63, SL65, SL550, SL600, S65, S600, SLR, SLS AMG and Sprinter. Unfortunately the prices that would need to be charged to provide coverage for these vehicles just do not make economic sense. We do offer coverage on 60 + other Mercedes models including those that are TURBO-CHARGED. Mercury Select Management Company has an A+ rating with the BBB (click link to confirm), is one of the oldest providers in the industry and has an excellent reputation for paying claims. autoPOM! also has an A+ rating with the BBB (click to confirm). Let us know if autoPOM! can be of service to you!

Quote:
Originally Posted by Cartronics View Post
Seems pretty lame - it appears your company won't take a CL65, SL65, S65, S600 or several other cars I tried that were turbo charged. Looks like the same ol' insurance garbage…. if you 'might' have to pay out - you don't even offer coverage.
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Old 10-14-2011, 11:31 AM   #4
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Seems pretty lame - it appears your company won't take a CL65, SL65, S65, S600 or several other cars I tried that were turbo charged. Looks like the same ol' insurance garbage…. if you 'might' have to pay out - you don't even offer coverage.
Hahaha, nice friendly post!

They are no different than a lot of other warranty companies that won't take on AMG cars, BMW M-series, etc. I work with a great company that just will not cover Porsches or 12-cylinder motors.

That's no reflection on the quality of the company or their claims paying reputation. Their underwriters have just decided they do not want to take on the risk of the highest-risk/loss ratio cars. If they did, the prices would be very high and no one would buy it anyway.

Bruce
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Old 10-14-2011, 11:56 AM   #5
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It has more to do with my disdain for insurance companies in general. When I was a servicer, we got paid a flat rate. We won on some of the product and lost on the other. However, there was more of the stuff we won on, so the stuff we lost on was just part of business. Most insurance companies, on the other hand, only really take business that there is little chance of losing on.... they don't spread the risk/loss at all.
I know several companies that insure high value/high performance cars, and it does cost more, but it really is not that bad. So when an insurance company picks and chooses (cherry picks), I simply do not have respect for them. Just my opinion.
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Old 10-14-2011, 12:12 PM   #6
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Quote:
Originally Posted by Cartronics View Post
Seems pretty lame - it appears your company won't take a CL65, SL65, S65, S600 or several other cars I tried that were turbo charged. Looks like the same ol' insurance garbage…. if you 'might' have to pay out - you don't even offer coverage.

Be careful who you insult...maybe, just my opinion. I was looking to do business with you recently (Bluetooth and I-Pod integration)...but you have a "disdain" for my profession and business.

Maybe I should look elsewhere????
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Old 10-14-2011, 01:21 PM   #7
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I am sorry if I have insulted you, of course. I have just been at the losing end of the insurance stick several times in my life... most recently hurricane Ivan & Dennis. They look for any reason they can not to pay when I was a claim less subscriber for many years.
The only insurance company I have had good luck with is Chubb.... they happily paid my 'stated value' claim and have not gotten any rate increase.... but I am sad to say, in a life of insurance that I have had - I was short changed more than my fair share. Just a hot topic for me, sorry if I offend.
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Old 10-14-2011, 01:21 PM
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