Report: #227578

Complaint Review: Fun Bike Center - Lakeland Florida

  • Submitted:
  • Updated:
  • Reported By: Lakeland Florida
  • Fun Bike Center 1845 E Memorial Blvd Lakeland, Florida U.S.A.

Fun Bike Center Knowingly sold me a GAP Insurance policy that did not work and actually cost me money Ripoff Lakeland Florida

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I purchased a new motorcycle from Fun Bike Center and took the finance manager's (Elliot) advice and purchase the $500 GAP insurance policy. He told me that if my bike were stolen it would pay the difference between what my insurance paid off and what i still owed.

My motorcycle was stolen from me on July 27, 2006. I immediately reported it to Fun Bike Center and they said not to worry about a thing because i would get my money back. A few months went by and my GAP payment came in. $216.63.

I couldn't believe it. I called for an explanation and the GAP company told me that based on the policy i was signed up for, i would have made more money by cancelling the GAP policy than by filing the claim. Basically, I was sold a GAP insurance policy that was null and void from the moment I signed the paper because of the amount that was financed.

So now i owe approximately $2600 on a motorcycle that no longer belongs to me. I was the victim of the crime, and it feels like I am still being punished. The finance manager at Fun Bike Center did his job, he made the sale. They obviously do not care about their customers.

Lakeland, Florida

This report was posted on Ripoff Report on 12/28/2006 12:27 PM and is a permanent record located here: https://www.ripoffreport.com/reports/fun-bike-center/lakeland-florida-33801/fun-bike-center-knowingly-sold-me-a-gap-insurance-policy-that-did-not-work-and-actually-co-227578. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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