Aftermarket motor-plan under-insuring me

[VernonD]

Hi all raise:raise:raise:raise:

I had so many good ideas from this site that I hope you all l will be able to help me out of this new dilemma.

I am about to extend the Wingfield motor-plan for another 2yrs, unlimited mileage for R14 500. Maybe I'm being over-protective but 2 items; camchain and turbo are under insured as I got an estimate from BMW Century to replace those if they break. I only realized it recently as people are starting to say that pass 150 000km my 2006 M320D will start to have engine problems and I'm afraid I might be under insured for the other parts as well. Below are 2 prices I got if the chain and turbo goes, I need to replace it at BMW:

Chain(R650) + Guides and Tensioner(R2200) + Labour(R10 000) = R12 850
Turbo(R18 935) + Labour(R1600) = R20 535

The motor-plan covers the turbo assembly to R9 000 and cam to R5 000 only as seen below by the plan.

Part & Amount covered by insurance

1 Engine R 20,000
2 Gearbox R 15,000
3 Differential R 10,000
4 Diff Lock R 9 000
5 Transaxle R 9 000
6 Transfer box R 9 000
7 Managmt Syst R 9 000
8 Turbo Assembly R 9 000 *
9 Frontwheel Drive Unit R 6 000
10 Casings R 6 000
11 Electic Ignition R 6 000
12 Air Conditioner R 6 000
13 Cooling System R 6 000
14 Free Wheel Hubs R 5 000
15 CV Joints R 5 000
16 Propshaft/Couplings R 5 000
17 Steering Mechanism R 5 000
18 Braking System R 5 000
19 Fuel System R 5 000
20 Electronic Comps R 5 000
21 Electrical Winch R 5 000
22 Clutch R 5 000
23 Suspension R 5 000
24 Wheel Bearings R 5 000
25 Catalytic Converter R 7 500
26 Overfueling R 7 500
27 Overheating R 7 500
28 Drive Pulleys R 5 000
29 Cambelt Failure R 5 000 *
30 Cylinder Head GasketR 5 000
31 Viscous/Electr Fans R 3 000
32 Central Locking R 3 000
33 Entertain System R 2 500

Can you please tell me if these cover amounts will be sufficient if something should break down? I ask BMW to quote me on the other parts as well but Richard and Liebe, from BMW is not coming back to me. I also love my car, drove it to Zambia, via Windhoek and Botswana and it went like a dream and want to do it a few more times and also want to drive it through Lesotho.

To increase the cover to R2 500 - R6 500 extra per part will be an additional R3 000 and don't want to add more credit card debt if I don't need to. I only see that this will be beneficial if the turbo or chain goes. I take the car to Century City BMW for every service and had no parts changed since I got the car except for the run-flats, that I had to replace after my trip to Zambia, that cost me a pretty penny but that was it. I drive about 1800km per month, currently on 145000km.

As always, thanks in advance for your input as its worth a million bucks raise:

 

[tman]

Let me get this straight: The total engine cover is only R20 000?

Im no expert, but it seems like this cover isnt really what we would call comprehensive.

Forking out R14 500 cash is a lot of money, specially if you dont know if they will cover the total amount when something breaks...

 

[Sabretooth tiger]

you better off putting that R14500 away in a account that gives good returns, and have your car maintained by a non dealership, bmw expert.

Most those things will cost much cheaper to repair, then at bmw

seeing as you in Cape Town, use garage 808

you will also be surprised that these cars last very well way past 150 000km if maintained properly, like any other car if looked after.

 

[VernonD]

Let me get this straight: The total engine cover is only R20 000?

Im no expert, but it seems like this cover isnt really what we would call comprehensive.

Forking out R14 500 cash is a lot of money, specially if you dont know if they will cover the total amount when something breaks...

That's what I'm also thinking as a BMW engine is probably worth R35 000 if it needs to be replaced but I might be wrong and BMW diesel engines are strong. Even if I need to ad the additional cover of R6500 extra for R3000, it will still be not enough to cover the engine alone.

---

you better off putting that R14500 away in a account that gives good returns, and have your car maintained by a non dealership, bmw expert.

Most those things will cost much cheaper to repair, then at bmw

seeing as you in Cape Town, use garage 808

you will also be surprised that these cars last very well way past 150 000km if maintained properly, like any other car if looked after.

Thanks. I have never heard of Garage 808 in Cape Town but I'm checking out there Facebook page now, thanks again for the info.

 

[Spy007]

This is what I payed just over 18 months ago.

injectors are gonna set you back 8k.

Turbo from factory direct 10k

rear diesel pump 6k
Clutch 6k

Also be careful as they like say oh but is
Wear and tear is damage that naturally and inevitably occurs as a result of normal wear or aging. It is used in a legal context for such areas as warranty contracts

Sry my opinion is a bit screwed as I got burned to just shy of 30k.

 

[VernonD]

This is what I payed just over 18 months ago.

injectors are gonna set you back 8k.

Turbo from factory direct 10k

rear diesel pump 6k
Clutch 6k

Also be careful as they like say oh but is
Wear and tear is damage that naturally and inevitably occurs as a result of normal wear or aging. It is used in a legal context for such areas as warranty contracts

Sry my opinion is a bit screwed as I got burned to just shy of 30k.

Ok I see what you mean. One of their exclusions are: 3. Any defects caused by accidental damage, misuse or neglect;

Ok it is a lot to replace those parts, wont have R30K to fix stuff thats why R14K for the motorplan sounds better but the wear and tear thing is making me think now.

 

[MikeR]

:idea: what is BMW motor plan going to cost you to extend ???

 

[DieselFan]

It's a 2006 you can only extend motor plan for 7 (5+2) years.

 

[Speedy]

Open a saving account and stash the cash, spend money on maintenance and treat her like royalty. It's honestly the best bet.

The values here done justify paying that amount for cover.






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[MikeR]

:thumbdo: pity.

I agree with the others...save the money. :idea: 60 day call account

 

[Spy007]

This is what I payed just over 18 months ago.

injectors are gonna set you back 8k.

Turbo from factory direct 10k

rear diesel pump 6k
Clutch 6k

Also be careful as they like say oh but is
Wear and tear is damage that naturally and inevitably occurs as a result of normal wear or aging. It is used in a legal context for such areas as warranty contracts

Sry my opinion is a bit screwed as I got burned to just shy of 30k.

Ok I see what you mean. One of their exclusions are: 3. Any defects caused by accidental damage, misuse or neglect;

Ok it is a lot to replace those parts, wont have R30K to fix stuff thats why R14K for the motorplan sounds better but the wear and tear thing is making me think now.

They will always look for an excuse, and it will fall on you to prove otherwise.

Additionally it took them almost 3 weeks to send an assessor to inspect, i was lucky and had a spare car to use.

I had to fight tooth and nail as i had purchased the car 3 months prior to the shit hitting the fan, and the turbo was not even a year old and the first comment i got was Wear and tear.


http://www.bmwfanatics.co.za/showthread.php?tid=30468

a long thread but this is what happened to me.

 

[VernonD]

:idea: what is BMW motor plan going to cost you to extend ???

BMW charges R12500 per 10 000km. For wingfield motors they charge R14500 for 2yrs unlimited mileage.

---

It's a 2006 you can only extend motor plan for 7 (5+2) years.

Nope, confirmed with Wingfield motors and BMW that the plan can go up to 10yrs/200 000km whichever comes first. That means I can get the plan up to 2016 but will need to take the 2yr one and then a 1yr one afterwards.

 

[Sportpack]

Consider the Motorite Explorer plan that I have, as an alternative. R12k for practically unlimited cover, so long as you're maintaining the car using an approved service centre.

 

[VernonD]

Consider the Motorite Explorer plan that I have, as an alternative. R12k for practically unlimited cover, so long as you're maintaining the car using an approved service centre.

Thanks, I sent an email to [email protected] to hear what they can offer.

 

[DieselFan]

I have a aftermarket warranty on my 320d.

If I had to do it over again. I would just put the money into an account to gain interest.

This is my second one which I've owned from 70k - 100k kms (1 year and 2 months)

My previous one we had for about 4 or 5 years and it was written off at 140 000kms. On both cars we just had normal service items replaced.

If the car is well maintained, chance are you wont have these problems.

 

[Lysis]

There are serious issues surrounding the value to the customer which these aftermarket warranties present. Believe it or not, very few people actually claim on these warranties and the companies who sell them are making a killing. The fact that there are discussions being had about the future regulation of these products should be cause enough for consumers to reconsider ever purchasing one of these warranties.

As many here have already said, it's better to put the money into a savings account (and I would almost always hesitate to suggest that somebody does that with their money).

 

[XPD]

If you go for one of these warranties always choose one that is underwritten by aregistered short term insurer. And if your claim is rejected even for wear and tear make sure you take it all the way to the short term ombudsman. Of late they are compelling warranty administrators to pay wear and tear claims. You also wil get some additional protection for the fsb and FAIS ombudsman which is important especially if a dealership advised you to buy the product.

 

[DieselFan]

Its like my warranty says "control arms" - "No sorry it's not for control arm bushes only the control arms ie if the metal is damaged" . In my opinion thats like say. The warranty covers the turbo but not the turbo internals....

I'm actually going to give them a call on Tuesday.

 

[ChefDJ]

These warranties are never unlimited and never ever cover the full price. Some pay out easy but there is a 100% guarantee that you will need to foot about 30% of the bill at minimum.

 

[TOOFAST MP]

I would keep the money , and anyway Bmw's don't just desintergrate on 100K or 150K if you service regularly and use the correct fuel there will be no problem on your car I have had a high milage bmw before the only problem I had was a gearbox sump pan and a exhaust hanger bracket. 0therwise I ran like a new car there are very few motorplans that are woth anything there's always wear and tear exclusions or conditions in the smallprint
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