- #4028 of 4410
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Re: No payment for lost warranty coverage on insurance claim [chuckie68]
by Mr_Shiftright HOST
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Aug 28, 2008 (7:15 am)
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Replying to: chuckie68 (Aug 28, 2008 6:53 am)
That's right. You didn't pay extra for the tires, and so you can't claim anything extra for them, unless you added value to the tires. You haven't added value to the warranty, it was included with the car. You have suffered no loss in my opinion, because the car and the Lifetime warranty went together. You lose the car (or sell it) and you lose the Lifetime drivetrain warranty. That was the contract.
I mean you could pitch this claim, this is your right, but I'm on the insurance company's side on this one. (which is rare, but it happens  )
Besides, you could still buy a used 300C with remaining factory warranty, just not the Lifetime Warranty. You'd still get the remainder of 3 yr/36 mo.
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- #4029 of 4410
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Re: No payment for lost warranty coverage on insurance claim [Mr_Shiftright]
by mikefm58
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Aug 28, 2008 (9:56 am)
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Replying to: Mr_Shiftright (Aug 28, 2008 7:15 am)
Also, I would expect any value that is lost by a vehicle with that type of warranty to already be adjusted in its market value. This must be a real killer for some vehicles that are traded in that are almost new.
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- #4030 of 4410
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Re: No payment for lost warranty coverage on insurance claim [mikefm58]
by Mr_Shiftright HOST
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Aug 28, 2008 (4:01 pm)
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Replying to: mikefm58 (Aug 28, 2008 9:56 am)
I really don't think loss of the Lifetime Warranty is reflected in used car values because nothing has been 'lost'. The warranty is not transferable, so ALL used Chrysler cars lose the warranty. The playing field is thus even. It's not like you can find a used Chrysler WITH the Lifetime and another without, so there is no supply and demand equation tweaking the market pricing.
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- #4031 of 4410
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Re: No payment for lost warranty coverage on insurance claim [Mr_Shiftright]
by mikefm58
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Aug 28, 2008 (5:13 pm)
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Replying to: Mr_Shiftright (Aug 28, 2008 4:01 pm)
Sorry for the confusion, but my point was comparing a new Chrysler with the lifetime warranty to an "almost new but used" Chrysler that now does not have the lifetime warranty.
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- #4032 of 4410
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Re: No payment for lost warranty coverage on insurance claim [mikefm58]
by Mr_Shiftright HOST
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Aug 28, 2008 (5:17 pm)
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Replying to: mikefm58 (Aug 28, 2008 5:13 pm)
Oh, okay I see what you're saying.
But really, it's the original owner who owns the lifetime warranty, right, not the car all by itself. Without the original owner, the lifetime warranty doesn't exist in fact.
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- #4033 of 4410
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Re: No payment for lost warranty coverage on insurance claim [Mr_Shiftright]
by chuckie68
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Aug 28, 2008 (6:42 pm)
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Replying to: Mr_Shiftright (Aug 28, 2008 5:17 pm)
Doesn't matter how you slice it up. I am out a lifetime warranty.  Because of an accident, that was not my fault. I guess that is just life in the fast lane...
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- #4034 of 4410
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Re: No payment for lost warranty coverage on insurance claim [chuckie68]
by Mr_Shiftright HOST
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Aug 29, 2008 (7:39 am)
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Replying to: chuckie68 (Aug 28, 2008 6:42 pm)
Well as I said you can pitch your case, you have nothing to lose here. Maybe they will throw in some extra, I have no idea.
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- #4035 of 4410
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Re: No payment for lost warranty coverage on insurance claim [Mr_Shiftright]
by dvexpert
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Aug 29, 2008 (7:50 am)
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Replying to: Mr_Shiftright (Aug 29, 2008 7:39 am)
I would be interested in hearing how you think this consumer can be indemnified without payment for the warranty that cannot be purchased or reinstated. Is there no longer an obligation on the part of insurers to make consumers whole? What would you do if you were in charge of this claim?
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- #4036 of 4410
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Re: No payment for lost warranty coverage on insurance claim [dvexpert]
by euphonium
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Aug 29, 2008 (8:07 am)
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Replying to: dvexpert (Aug 29, 2008 7:50 am)
Tell me how much was paid for the warranty, date paid, and date of expiration & I will pro rate a return premium for the unused balance. If no payment was made, the situation is a non issue.
Upon breaking a mug of beer, how do you measure the value of the foam?
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- #4037 of 4410
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Re: No payment for lost warranty coverage on insurance claim [dvexpert]
by Mr_Shiftright HOST
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Aug 29, 2008 (9:14 am)
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Replying to: dvexpert (Aug 29, 2008 7:50 am)
I would have to deny the specific claim for compensation of the warranty because there is no receipt for the purchase of a Lifetime Warranty. It's as much a part of the car as the paint.
However, insurance settlements can be somewhat arbitrary and are negotiable. As a claims settlement agent, I would give the consumer top dollar for a top notch car, and scale down accordingly. I'd try to make him whole for what he lost, but not for more than he lost.
Chrysler's "gimmicky" revocation of the Lifetime Warranty isn't my fault as the insurance company, seems to me.
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