Beacon Industries Protection Plan Scam Lino Lakes Minnesota

I bought a pontoon from Crystal Pierz marine and the dealer made an error in our transaction resulting in a non-sufficient funds bank charge made to our account. To make up for it, he offered a "no lose" deal on a Pinnacle Protection plan for the outboard because you get 100% of your money back if you don't make a claim. I payed $775 for the plan and never made a claim. So this spring I was planning on getting my money back. However, the fine print reads you have to submit a copy of your drivers license, notarized statement of current ownership and the current registration within 30 days of the expiration of the policy. Unfortunately, I contacted Pinnacle at 42 days and their response was that's our policy and there's nothing you can do about it.

So my "no lose" deal ended up costing me over $800. Now I know how Pinnacle makes its money. Beware of any of these protection plans and before you sign anything, read the fine print. These companies are not going to work for you!

Paul
Lino Lakes, Minnesota
U.S.A.