Anyone bought "Total Loss" car insurance ?
Thread Starter
Newbie
Joined: Jul 2009
Posts: 7
Likes: 0
From: Vancouver, Canada
2010 GLK350 4matic
Anyone bought "Total Loss" car insurance ?
My GLK delivery time is in Octotber. I am trying to do some research on insurance (Tires/Rim, "Total Loss", etc...) I am going to decline the Tires/Rim insurance, but I may consider the "Total Loss" (New Vehicle Replacement Plus) ICBC insurance. The MB dealer/insurance person said the cost is $1,700 and if car is "Totalled" within 5 years, I will get a brand new GLK (assuming 2015 GLK if it does happen in the last year of insurance, hope not - knock on wood). The yearly insurance will go down by $300 per year. So, at the end of 5 years, it will only cost me $200 if no claim. ($300 savings x 5 years = $1,500).
Has anyone bought this "Total Loss" (New Vehicle Replacement Plus) ICBC insurance ?
If so, does the above info seem correct ?
I am in Vancouver, Canada.
Thanks in advance.
Has anyone bought this "Total Loss" (New Vehicle Replacement Plus) ICBC insurance ?
If so, does the above info seem correct ?
I am in Vancouver, Canada.
Thanks in advance.
Last edited by Matsqui; Aug 7, 2009 at 09:28 PM.
Member
Joined: Feb 2008
Posts: 81
Likes: 0
GLK350-premium pks,Bi-zenons,NAVI,OEM Hitch, Stepboards etc..
My GLK delivery time is in Octotber. I am trying to do some research on insurance (Tires/Rim, "Total Loss", etc...) I am going to decline the Tires/Rim insurance, but I may consider the "Total Loss" (New Vehicle Replacement Plus) ICBC insurance. The MB dealer/insurance person said the cost is $1,700 and if car is "Totalled" within 5 years, I will get a brand new GLK (assuming 2015 GLK if it does happen in the last year of insurance, hope not - knock on wood). The yearly insurance will go down by $300 per year. So, at the end of 5 years, it will only cost me $200 if no claim. ($300 savings x 5 years = $1,500).
Has anyone bought this "Total Loss" (New Vehicle Replacement Plus) ICBC insurance ?
If so, does the above info seem correct ?
I am in Vancouver, Canada.
Thanks in advance.
Has anyone bought this "Total Loss" (New Vehicle Replacement Plus) ICBC insurance ?
If so, does the above info seem correct ?
I am in Vancouver, Canada.
Thanks in advance.
If my GLK will be totaled in 18 months then I can receive new one from State Farm insurance.
My another car also has been insured when I bought it 6 years ago.(just for 18 months)
It was charged about $5~7/month for the replacement. After 18 mths, this cost would be disappeared in TOTAL $/mth.
No idea for 5 years replacement program. Sorry~
p.s I pay $97.50/mth for GLK insurance. (age-36, no accident, my wife covered, another car and house insured in same company)
I hope that this could help you.
Last edited by Dreamka; Aug 8, 2009 at 10:16 AM.
Junior Member
Joined: Feb 2009
Posts: 47
Likes: 0
From: Surrey, BC
2010 GLK350
My GLK delivery time is in Octotber. I am trying to do some research on insurance (Tires/Rim, "Total Loss", etc...) I am going to decline the Tires/Rim insurance, but I may consider the "Total Loss" (New Vehicle Replacement Plus) ICBC insurance. The MB dealer/insurance person said the cost is $1,700 and if car is "Totalled" within 5 years, I will get a brand new GLK (assuming 2015 GLK if it does happen in the last year of insurance, hope not - knock on wood). The yearly insurance will go down by $300 per year. So, at the end of 5 years, it will only cost me $200 if no claim. ($300 savings x 5 years = $1,500).
Has anyone bought this "Total Loss" (New Vehicle Replacement Plus) ICBC insurance ?
If so, does the above info seem correct ?
I am in Vancouver, Canada.
Thanks in advance.
Has anyone bought this "Total Loss" (New Vehicle Replacement Plus) ICBC insurance ?
If so, does the above info seem correct ?
I am in Vancouver, Canada.
Thanks in advance.
Newbie
Joined: Aug 2009
Posts: 1
Likes: 0
c230
I bought the same thing, its something separate that sits on top of your icbc insurance that is sold by a separate company
If its the same one i bought in vancouver from boundry mercedes it also offers $250 dollar deductible re-imbursement. This allows the insurance agent to bump up your deductible too $500,
So this will save you x amount of money over 5 years on your icbc premium somewhat offsetting the cost of the policy unless you already have 500 deductibles regardless ive yet to use it on my 07 benz however ive had the deductible re-imbursement done twice now
One time was my fault although icbc didnt know that and the other i had a hit and run when it snowed last year
If its the same one i bought in vancouver from boundry mercedes it also offers $250 dollar deductible re-imbursement. This allows the insurance agent to bump up your deductible too $500,
So this will save you x amount of money over 5 years on your icbc premium somewhat offsetting the cost of the policy unless you already have 500 deductibles regardless ive yet to use it on my 07 benz however ive had the deductible re-imbursement done twice now
One time was my fault although icbc didnt know that and the other i had a hit and run when it snowed last year
