Help Needed: Extended Warranty Won’t Cover Full Cost – Can I Total My Car Through Insurance?

Insurance Forum Auto Insurance
1

How are you…

I’m in a bit of a bind and could use some advice. I’m 23 and bought a BMW X3 about nine months ago. The rod bearings have messed up the engine, and the shop says I need a new one. My extended warranty is only covering 60% of the cost, so I’m left with a big bill.

I’ve got full coverage insurance on the car. Is there a way I can total the car through my insurance and get a payout for what I still owe? Or am I stuck paying for the new engine myself?

Anyone been through something like this or have any tips on what to do?

TiA

2

:confounded: It’s always best to consult with a qualified insurance professional to get personalized advice based on your specific situation.

3

If your deductible is high, it might be more cost-effective to file a claim with your insurance rather than paying out-of-pocket. :expressionless:

4

If the damage is severe, your insurance company might decide that repairing the vehicle isn’t cost-effective. :saluting_face:

5

If the damage is severe, your insurance company might decide that repairing the vehicle isn’t cost-effective. :smile:

6

Review your insurance policy to check if it includes comprehensive or collision coverage that might cover the damage. :smile:

7

The warranty might not cover specific types of damage, like accidents or flood damage. :smile: