E90Post
 


Horizon LED
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > European Delivery 10% Insurance Deductible on Theft??



Reply
 
Thread Tools Search this Thread
      03-25-2008, 11:16 AM   #1
ede92
Lieutenant
United_States
8
Rep
513
Posts

 
Drives: 2014 Porsche 911 Cab 7MT
Join Date: Jan 2008
Location: Boston Area

iTrader: (0)

European Delivery 10% Insurance Deductible on Theft??

Just got my ED package.

It says on the first page that there is a 10% deductible (based on the value of the car) if it is stolen even in so called Western European countries. This would mean I would lose $5K or so if my car was stolen in Europe?

Is there GAP insurance coverage that can be purchased?
__________________
2014 911 C2 Cab, Considering adding 2er convertible
Past - 2011 328i Convertible 2008 BMW 335xi Coupe (ED), 2003 BMW 530i, 1999 BMW 528i

Last edited by ede92; 03-25-2008 at 12:35 PM.
Appreciate 0
      03-25-2008, 12:34 PM   #2
ede92
Lieutenant
United_States
8
Rep
513
Posts

 
Drives: 2014 Porsche 911 Cab 7MT
Join Date: Jan 2008
Location: Boston Area

iTrader: (0)

So is everybody just taking the risk?
__________________
2014 911 C2 Cab, Considering adding 2er convertible
Past - 2011 328i Convertible 2008 BMW 335xi Coupe (ED), 2003 BMW 530i, 1999 BMW 528i

Last edited by ede92; 03-25-2008 at 01:27 PM.
Appreciate 0
      03-25-2008, 02:35 PM   #3
mrbelk
Second Lieutenant
United_States
4
Rep
207
Posts

 
Drives: E90 335i/6MT
Join Date: May 2005
Location: Alpharetta, GA

iTrader: (0)

Quote:
Originally Posted by ede92 View Post
Just got my ED package.

It says on the first page that there is a 10% deductible (based on the value of the car) if it is stolen even in so called Western European countries. This would mean I would lose $5K or so if my car was stolen in Europe?

Is there GAP insurance coverage that can be purchased?
There's only a 10% deductible if you choose to not have BMW replace the vehicle that was stolen. Also, there is no coverage if you can't produce all the documentation and keys you were issued. I suspect that in the case of a bona fide carjacking, that requirement might be able to be relaxed a bit.

-MrB
__________________
(ED 5/11/13) '13 328i M-Sport Estoril Blue II/Black, Trip Journal
(ED 5/25/10) '11 335i M-Sport Le Mans Blue/Oyster, Trip Journal
(ED 5/7/07) '07 335i/6sp TiAg/Lemon, Trip Journal
(ED 4/28/04) '04 545i Silver Gray/Beige
Appreciate 0
      03-25-2008, 02:48 PM   #4
ede92
Lieutenant
United_States
8
Rep
513
Posts

 
Drives: 2014 Porsche 911 Cab 7MT
Join Date: Jan 2008
Location: Boston Area

iTrader: (0)

Quote:
Originally Posted by mrbelk View Post
There's only a 10% deductible if you choose to not have BMW replace the vehicle that was stolen. Also, there is no coverage if you can't produce all the documentation and keys you were issued. I suspect that in the case of a bona fide carjacking, that requirement might be able to be relaxed a bit.

-MrB
That would be ok for sure. I'll have to check the wording in the doc set I received. I am not sure it mentioned - "if you don't replace with a new BMW". Did the final documentation say that when you went through this in May?

Thanks MrB!
__________________
2014 911 C2 Cab, Considering adding 2er convertible
Past - 2011 328i Convertible 2008 BMW 335xi Coupe (ED), 2003 BMW 530i, 1999 BMW 528i
Appreciate 0
      03-25-2008, 02:53 PM   #5
BMW F22
Major General
BMW F22's Avatar
United_States
209
Rep
8,388
Posts

 
Drives: ///M235i
Join Date: Nov 2005
Location: Around the Bay

iTrader: (8)

As MrBelk has said, it's only if you dont want to go with another BMW. Otherwise, everything is covered (and I do mean everything). It's such a great peace of mind for us EDers.
Appreciate 0
      03-25-2008, 09:59 PM   #6
CALIF65GM
Colonel
CALIF65GM's Avatar
25
Rep
2,041
Posts

 
Drives: e93-35 May08 ED
Join Date: Jun 2005
Location: SF, CA

iTrader: (0)

Garage List
It's SOP and I don't think anyone's had an issue with their car being stolen in Europe yet, at least, I haven't read of one yet.

I think the chances are higher that your car gets stolen back home then in Europe.
__________________
5-2-08 e93-35 ED Montego w/Jade Grey, Step w/Paddles, PP, SP, CA, hot seats and iPod.Awaing re-delivery soon.

Debadged 330xi ED 11/14/05 Auto/Mystic Blue/Gray leather with Alum/PP/SP/CA/Fold-down rear seats/Alarm. Sold to Carmax on 6/7/08 with 50,624 miles on clock
Appreciate 0
      03-26-2008, 07:28 AM   #7
anerbe
Major
12
Rep
1,247
Posts

 
Drives: 2013 S4
Join Date: Dec 2006
Location: BH, MI

iTrader: (1)

i think the ED program takes account the european countries that you most likely won't run into problems with (western europe)
Appreciate 0
      03-27-2008, 01:48 PM   #8
ede92
Lieutenant
United_States
8
Rep
513
Posts

 
Drives: 2014 Porsche 911 Cab 7MT
Join Date: Jan 2008
Location: Boston Area

iTrader: (0)

Quote:
Originally Posted by anerbe View Post
i think the ED program takes account the european countries that you most likely won't run into problems with (western europe)

Quick update:

Apparently a lease covers the gap. And gap coverage can be purchased for a buy which is what I will probably do.

Not quite confirmed but will let folks know when I find out when I find out the specifics.
__________________
2014 911 C2 Cab, Considering adding 2er convertible
Past - 2011 328i Convertible 2008 BMW 335xi Coupe (ED), 2003 BMW 530i, 1999 BMW 528i
Appreciate 0
      03-27-2008, 11:09 PM   #9
CALIF65GM
Colonel
CALIF65GM's Avatar
25
Rep
2,041
Posts

 
Drives: e93-35 May08 ED
Join Date: Jun 2005
Location: SF, CA

iTrader: (0)

Garage List
Quote:
Originally Posted by ede92 View Post
Quick update:

Apparently a lease covers the gap. And gap coverage can be purchased for a buy which is what I will probably do.

Not quite confirmed but will let folks know when I find out when I find out the specifics.
I believe Gap is through BMWFS when the car is in the US.

While the car is still in Europe, it's covered through the ED insurance through Alliance.

No US gap coverage is going to cover you while the car is still in Europe.
__________________
5-2-08 e93-35 ED Montego w/Jade Grey, Step w/Paddles, PP, SP, CA, hot seats and iPod.Awaing re-delivery soon.

Debadged 330xi ED 11/14/05 Auto/Mystic Blue/Gray leather with Alum/PP/SP/CA/Fold-down rear seats/Alarm. Sold to Carmax on 6/7/08 with 50,624 miles on clock

Last edited by CALIF65GM; 03-27-2008 at 11:11 PM. Reason: more info
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:23 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST