Complaint Review: JM&G - Internet
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- Author Not Confirmed
- JM&G 500 Jim Moran Blvd Internet United States of America
- Phone: 800-553-7146
- Web: www.jmagroup.com
- Category: Car Insurance
JM&G In purchasing my Hyundai Azerea I was told to purchase Gap insurance so if anything should happen to the car, along with my Omni insurance my car would be covered. Internet
*Consumer Suggestion: Watch Out
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in purchasing my hyundai azerea i was told it would be a win win if i purchase gap insurance. they informed me that with your regular insurance and gap if anything happens to your vehicle your car would be paid for. i never missed one payment but when my car was totoaled I submitted thye correct paperwork in a timely manner. jm&a guaranttee me that my car was going to be paid in full, however jm&a only paid half of what they were suspose to pay. they were very misleading and i am very disappointed in them.
This report was posted on Ripoff Report on 07/07/2011 08:40 AM and is a permanent record located here: https://www.ripoffreport.com/reports/jmg/internet/jmg-in-purchasing-my-hyundai-azerea-i-was-told-to-purchase-gap-insurance-so-if-anything-750086. 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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#1 Consumer Suggestion
Watch Out
AUTHOR: Cory - (U.S.A.)
SUBMITTED: Thursday, July 07, 2011
You have to read what the limits are that your GAP policy WILL pay out. The "nice" salesmen or finance guy will tell you anything but, as with any contract it's what's written in the paperwork. One I saw had a MAX of $5,000 over what your insurance would cover you. IF you were really "upside down" you'd be up the creek. The coverage are usually in smallprint on the back, hard to see. I've seen dealer sale GAP insurance for $499 or more. I've bought it when I refinance my vehicle a month later from a credit union from $99 to $299. The dealer makes a profit on it just like the vehicle. What was jm&a's reason for only paying half? Since it was insurance, I'd file a complaint with your state's insurance board.
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