GAP Insurance a waste!

Do you think Gap Insurance is worth it?

Yes

100%

[ 1 ]

[ 0 ]

It depends

[ 0 ]

Total Votes : 1

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Posted: Sun Feb 07, 2010 5:26 am Post subject: Thanks

Thanks for the info, it gives me a better prospective in all this. It's too bad Carfax isn't as good as it seems. What's an ISO?

Katjaneway

New member

Joined: 04 Feb 2010
Posts: 6

3.79 Dollars($)

Posted: Mon Feb 08, 2010 12:50 pm Post subject:

ISO stands for "Insurance Services Office" which really doesn't apply to what it is, I think that's the name they came up with about forty years ago and just kept it...It's a data base, that most (if not all) carriers subscribe to..it logs all claims on a particular vehicle or property. What I (or other adjusters) use it for is the 'claims search' function...I can put a VIN in and it will pop up anything and everything that has happen to the VIN... There are many other uses, I think on the underwriting side, (when a policy app comes in), they also run it for the same thing... There are many other functions (injurys to name one), this information is insurance company driven. This also is where questionable claims can be submitted to NICB (national ins. crime bureau)...many many other things that I do even mess with Carfax, of course does not have this information, no insurance company is going to give or sell it to them..Carfax (as far as I know) will not tell 'exactly' where they get their info. I know they try to get shops (and carriers) to allow them into their/our estimating software to pull information...but few if any allow it...IMO carfax is a joke... and VERY misleading.. _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.

Lori

Moderator

Joined: 10 Sep 2007
Posts: 8173

Location: Missouri
287.90 Dollars($)

Posted: Fri Feb 19, 2010 5:27 pm Post subject:

GAP insurance may seem like a good idea in the beginning but its always better to fully check and read the policies before signing up. (link removed by moderator-lori--please do not put links to your site in your posts...please read and adher to the terms of use) _________________ Thanks, Greg Marcyniuk Heritage Insurance Ltd Regina Home Insurance