European Delivery 10% Insurance Deductible on Theft??

ede92 · 03-25-2008, 11:16 AM

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?

ede92 · 03-25-2008, 12:34 PM

So is everybody just taking the risk?

mrbelk · 03-25-2008, 02:35 PM

Quote:

Originally Posted by ede92

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

ede92 · 03-25-2008, 02:48 PM

Quote:

Originally Posted by mrbelk

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!

BMW F22 · 03-25-2008, 02:53 PM

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.

CALIF65GM · 03-25-2008, 09:59 PM

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.

anerbe · 03-26-2008, 07:28 AM

i think the ED program takes account the european countries that you most likely won't run into problems with (western europe)

ede92 · 03-27-2008, 01:48 PM

Quote:

Originally Posted by anerbe

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.

CALIF65GM · 03-27-2008, 11:09 PM

Quote:

Originally Posted by ede92

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.

03-25-2008, 11:16 AM	#1
ede92 Lieutenant 18 Rep 510 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 Tweet Quote

03-25-2008, 12:34 PM	#2
ede92 Lieutenant 18 Rep 510 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 Quote

03-25-2008, 02:53 PM	#5
BMW F22 Major General 3730 Rep 9,783 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area 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 Quote

03-25-2008, 09:59 PM	#6
CALIF65GM Colonel 105 Rep 2,041 Posts Drives: e93-35 May08 ED Join Date: Jun 2005 Location: SF, CA iTrader: (0) Garage List 06 - Oct. 05 build ... [0.00]	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 Quote

03-26-2008, 07:28 AM	#7
anerbe Lieutenant Colonel 124 Rep 1,567 Posts Drives: Red E90M 6MT Join Date: Dec 2006 Location: BH, MI iTrader: (2)	i think the ED program takes account the european countries that you most likely won't run into problems with (western europe)
	Appreciate 0 Quote