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Insurance Sham

RacerPaul

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Hello Mustang friends,
I'm writing this to share a hard lesson learned. When I bought my 2017 Mustang GT two years ago, I'd never owned such an expensive and complex car. So I thought it would be good to have repair insurance. As we know, major repairs for these cars can get very expensive, and I thought it'd give me peace of mind.
I did some research on the most reliable and recommended companies, and soon after I did that research I was inundated with high pressure calls and offers. I bought in to a comprehensive full top tier coverage deal from Carchex, and negotiated the price down. Two years later, my car developed an antifreeze leak, and we discovered the water pump had failed, this was verified by one of the most reliable and trustworthy local repair shops I took my car to, who I know personally.
A claim was made, photos were sent, a supposed " inspector" finally showed up for all of five minutes and decided the problem was "inconclusive". After a week and a half of getting the constant runaround, delays, foot dragging, and more, I paid for the repair myself.
This company, Carchex, also known as CarShield, American Auto Shield, and Mepco, who denied the claim, is a sham. I discovered that when enough complaints are made about them, they simply change their name and keep going with their sham. It was clearly a part failure, and all appropriate documentation procedures were followed.
Finally, on my last contract effort, they tried to blame the repair shop, which I took them to task over, and the so called
"customer service representative" proceeded to continuously argue the point, and I had to ask three times to cancel my contract. Incomprehensible unprofessionalism.
So be warned, and I urge you to let your family, your friends, and everyone you know who may be considering repair insurance, stay clear of this these companies, and many others I've heard that do the same thing.
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cerbomark

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Warranties by "other" companies and not OEM warranties (extended, CPO by manufactures) have been torn down, advised against, rightfully so, by car forums and here by almost everyone who asks. Bad review them on every site you can. sorry for your loss.
 

EFI

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I don't mean to sound rude, but I think anyone over the age of 7 could have probably told you that was a bad idea and that all of these companies are just scammers. I mean, there's a reason why the whole aftermarket extended car warranties have become a meme about their sales tactics.
 
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RacerPaul

RacerPaul

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Thanks Cerbomark , and thanks to everyone for your response
This is a lesson to me in caveat emptor
I'm usually a very trusting person, which leaves me open to naivete
 

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SnowFox

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Based on their commercials I assumed most are scam. Or at the very least will drag you through hot coals before they pay.
 

Crew4991

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"Repair Insurance" should just be savings money.
When something breaks, you pull that money, get the thing fixed and move on with life peacefully and drama free.
This Repair Insurance crap is a way to pay more for nothing and increase the stress in your life. Insurance will always try to find ways to deny a claim.
Sorry to hear about your experience OP.
 

IPOGT

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Hello Mustang friends,
I'm writing this to share a hard lesson learned. When I bought my 2017 Mustang GT two years ago, I'd never owned such an expensive and complex car. So I thought it would be good to have repair insurance. As we know, major repairs for these cars can get very expensive, and I thought it'd give me peace of mind.
I did some research on the most reliable and recommended companies, and soon after I did that research I was inundated with high pressure calls and offers. I bought in to a comprehensive full top tier coverage deal from Carchex, and negotiated the price down. Two years later, my car developed an antifreeze leak, and we discovered the water pump had failed, this was verified by one of the most reliable and trustworthy local repair shops I took my car to, who I know personally.
A claim was made, photos were sent, a supposed " inspector" finally showed up for all of five minutes and decided the problem was "inconclusive". After a week and a half of getting the constant runaround, delays, foot dragging, and more, I paid for the repair myself.
This company, Carchex, also known as CarShield, American Auto Shield, and Mepco, who denied the claim, is a sham. I discovered that when enough complaints are made about them, they simply change their name and keep going with their sham. It was clearly a part failure, and all appropriate documentation procedures were followed.
Finally, on my last contract effort, they tried to blame the repair shop, which I took them to task over, and the so called
"customer service representative" proceeded to continuously argue the point, and I had to ask three times to cancel my contract. Incomprehensible unprofessionalism.
So be warned, and I urge you to let your family, your friends, and everyone you know who may be considering repair insurance, stay clear of this these companies, and many others I've heard that do the same thing.
Years ago, I baught Carshield Insurance. They denied a claim, I threatened to sue them, and they gave me all my money back. Never again. Get a warranty from a reputable place like Granger on here.
 

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RacerPaul

RacerPaul

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Thanks Crew4991 and everyone

On a positive note, a good friend and fellow enthusiast gifted me a clay barring, polish, and ceramic coat of my car for my birthday
OMG! I was amazed and floored by the results
When we were done, the car looked like it had just come off the showroom floor
I didn't think the car could look so good
Minor scratches gone and a mirror like finish
Wow
 

dguzzi

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I spoke with a guy for 1/2 hr. at Endurance....I didn't buy into his hard sell and so of course now I get advertising, spam, and phone calls (for the last 6 months) Don't waste your time (Even though Danica looks good)
 

Mustang Maverick

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Warranties by "other" companies and not OEM warranties (extended, CPO by manufactures) have been torn down, advised against, rightfully so, by car forums and here by almost everyone who asks. Bad review them on every site you can. sorry for your loss.
I always go with the Ford ESPs.
But also beware of the dealerships selling non-OEM / aftermarket warranties.
 
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RacerPaul

RacerPaul

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Thanks guys going to shelve the idea for now
Regular maintenance and mods I'm going to do myself
With only 42k, and I don't beat on it, I'm hoping no serious problems
The electronics is what I worry about the most
Although I did get Forescan and taught myself how to make a new key (fob), and saved about 500 bucks in the process
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