First Stang
Well-Known Member
- Thread starter
- #1
On the bubble on wether to get it or not. Looking at 10/75K Premium. Any insight is appreciated. In particular, I want to hear about declined claims.
Why get it?
Lots of electronics and gadgets nowadays that can break and I think the cost of replacement parts and labor in general will only get higher.
Complimentary Roadside/ Car rental
Peace of mind/ Financial hardship insurance. In case I find myself in a bind financially 6-10 years from now and a failure occurs, It won't keep me from having a ride.
Why not?
Coverage is at the discretion of Ford. Lots of fine print.
Restricts your ability to mod the car. Unsure how much flexibility we have with this.
In the game of insurance, insurers must always win to remain in business. I do not plan to track, race, drag or do donuts with mine. I don't live in a salt environment nor do I have to drive over beat up roads. I will probably only average 5000 miles/year. By this I think I am in the lower risk half so I may have an above average chance of never paying more than the cost of the premium in repairs.
Based on the rapidly increasing cost of items and labor, I am leaning towards getting it. At the rate we are going, AC repair will probably double in 10 years. Anyway, I think you can always get a pro rated refund if you change your mind so it's not a pass/fail decision.
Why get it?
Lots of electronics and gadgets nowadays that can break and I think the cost of replacement parts and labor in general will only get higher.
Complimentary Roadside/ Car rental
Peace of mind/ Financial hardship insurance. In case I find myself in a bind financially 6-10 years from now and a failure occurs, It won't keep me from having a ride.
Why not?
Coverage is at the discretion of Ford. Lots of fine print.
Restricts your ability to mod the car. Unsure how much flexibility we have with this.
In the game of insurance, insurers must always win to remain in business. I do not plan to track, race, drag or do donuts with mine. I don't live in a salt environment nor do I have to drive over beat up roads. I will probably only average 5000 miles/year. By this I think I am in the lower risk half so I may have an above average chance of never paying more than the cost of the premium in repairs.
Based on the rapidly increasing cost of items and labor, I am leaning towards getting it. At the rate we are going, AC repair will probably double in 10 years. Anyway, I think you can always get a pro rated refund if you change your mind so it's not a pass/fail decision.
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