SnowBunnE
Well-Known Member
I didn’t pick up gap insurance for my MME (like a bonehead). FORTUNATELY for me, the car went up in price 2x since I purchased it. Couple that with the inflated prices due to high demand, and the totaled value was appx 8k over what I paid. I got extremely lucky in this instance. I DID however, purchase Gap insurance for my replacement.I am sorry for those that posted that had their cars damaged. The positive side is that you are foster a great conversation and some of us learned from it. I was on the fence for GAP insurance from the loan company but the $350 seems worth the little cost. I also am thankful for the comments on diminished value. I am going to ask my insurance agent about his cost.
My big concern would be not that the vehicle is wrecked but totaled. Good luck getting a new MME, especially now that Ford is no longer taking 2022 orders. The dealers are going to be hitting people with high ADM's. Time to buy a used bolt at this point.
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