URGENTLY seeking Genesis Nation Opinion: new or used, tech or premium?

[landtuna]

I'm still waiting on receiving an updated policy, but here is what's off of their website:

http://www.geico.com/getaquote/auto/mechanical-breakdown-insurance/

Doesn't mention anything about not covering an alternator, or other similar component. Also don't see any mention of it not paying for hourly labor?

What I do know, is that it's not a contract. I can cancel at anytime.

I'd like to get a look at the actual policy. There isn't much info on that website. I sent an email request to them.

 

[Philth]

Yeah, I did the same.

 

[landtuna]

Yeah, I did the same.

Unfortunately, here is GEICO'S answer:

Unfortunately, we do not have a sample policy showing our Mechanical Breakdown coverage. To view the specifics on the coverage, please visit the following link: http://www.geico.com/getaquote/auto/mechanical-breakdown-insurance/

As you might guess, the link is just marketing fluff with no specifics.

 

[thebells]

Hopefully Philth will at least get a hard copy of the policy/warranty since he has signed up for this from Geico and then he can post details here once it arrives.

I'm still waiting on a reply from Jim Ellis for clarification. I heard back Saturday that they are still efforting a solution to the non-covered items. Fingers crossed that a small surcharge or something is available.

 

[Philth]

Here's a copy of the MBI:

I also spoke with the MBI department. As long as it's installed at the factory, it's covered, so long as it is not listed in the "Exclusions" section of the policy. (Abuse, wear and tear, corrosion, etc.)

There is no contract and can be cancelled at any time. The only fee you would be on the hook for is the $250 deductible. You will not have to pay hourly labor rates.

 

[landtuna]

Here's a copy of the MBI:

I also spoke with the MBI department. As long as it's installed at the factory, it's covered, so long as it is not listed in the "Exclusions" section of the policy. (Abuse, wear and tear, corrosion, etc.)

There is no contract and can be cancelled at any time. The only fee you would be on the hook for is the $250 deductible. You will not have to pay hourly labor rates.

That seems fairly straightforward. With your permission I will forward to my agent for his comments as it doesn't seem to jive with his earlier description. He did not say where he got his info.

 

[thebells]

Thanks for posting that Philth. I'm no lawyer, but that looks pretty good. It seems to have far fewer exclusions than the HPP plan, albeit a higher deductible.

One question though, why did you sign up for it now? I know your car is a '12 and I assume you have under 36k miles; why not wait until your electronics wrnty is about to expire? Minor point, just curious.

I'm still waiting for a reply from Jim Ellis on the open coverage items.....

 

[Philth]

That seems fairly straightforward. With your permission I will forward to my agent for his comments as it doesn't seem to jive with his earlier description. He did not say where he got his info.

Of course, go ahead. I'd like to see what he has to say.

 

[Philth]

Thanks for posting that Philth. I'm no lawyer, but that looks pretty good. It seems to have far fewer exclusions than the HPP plan, albeit a higher deductible.

One question though, why did you sign up for it now? I know your car is a '12 and I assume you have under 36k miles; why not wait until your electronics wrnty is about to expire? Minor point, just curious.

I'm still waiting for a reply from Jim Ellis on the open coverage items.....

Only original purchasers of new vehicles are eligible. Must be done before 12 months and/or 15k miles.

 

[thebells]

Oh, that stinks. I didn't see that reference in there.

I guess that lets me out...I'm the second owner even though in service less than 12 mos and certainly under 15k miles.

Back to HPP for me I guess....C'mon Jim Ellis....

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