Settlement Offered on my '09 SM5

[Clicker1944]

I have never been offered GAP ins. on any new vehicle that I've purchased, including the spyder.

Maybe you put money down and if something happened there would be no "gap" to be covered. I just financed 12k on a 2011 RT so not being "upside down" the dealer never offered it to me. If he did I would not take it in this instance.

 

[kawakii]

Maybe you put money down and if something happened there would be no "gap" to be covered. I just financed 12k on a 2011 RT so not being "upside down" the dealer never offered it to me. If he did I would not take it in this instance.

First Weave2u -- so sorry for your loss ! Hopeyou get back to being an owner sooner then you think.

We put about 12k down on ours as well and were never offered Gap insurance through the dealer but we did take out Total Loss insurance through progressive. Progressive only allows you to carry this for 2 years on new vehicles but is well worth it to get back your total loss on the bike including accessories.( basically gap insurance ) Our accessories including helmets, jackets, are covered for 100 % of their purchase price as long as we provide the receipt for purchase.

Progressive has been wonderful to us even with the total loss of our original RS, and with the purchase of our RS-S only 2 weeks later. We actually got more back then we had paid and ended up being able to upgrade the the 2011 RS-S. We own our RS-S now outright but we still have another years ability to have total loss and we have decided to keep it. We actually just upgraded our accessory insurance to 5000.00 insead of standard 3000.00 Too man bells and whistles ..lol !

 

[Euripedes Neves]

I had a acident w/ motorcycle 3 years ago not w/ my spyder....

Just received the call I was dreading... Allstate has determined that the repair costs for the Spyder was too high, and has offered me $12,600. The amount would have been higher, but I had almost 11k miles on it and I bought it new 10 months or so ago. I owe about 14.5k, but the difference will be covered by my gap insurance. So, I will be out from under the monthly payment, but also out of the great joy I had ryding, working on, modifying, and showing off what I consider a really terrific vehicle. Due to financial considerations, it will probably be a while before I can consider buying another one, but I will buy another one when I am able to do so. I'll give it a few months to see how things pan out before I begin to sell off the stuff I accumulated, just in case something comes my way and I find use for it. While my time in the "Spyder community" was very brief, it was also terrific... I appreciate all the folks who were quick to help me and offer advice on the mods and maintenance I did on mine. I wish you all the very best! PS... if you don't have gap insurance, do yourself a favor... get it...LOL. One last topic, I was informed that I'm not allowed to buy back the damaged vehicle because it is actually the property of the finance company, but if I could, it would cost me $1800.

The company total my bike, and offer me $3,700.00 and i did not agree and i ask to give me the money and not total the bike, good a cap my bike and the money, and i had the fix w/ partes only aunder $700.00 dolares and i am very happy rider. But now i am more than happy because i have a spyder for 2 years. not bed.