Chuck77083

I have a 2004 acura tl. Our cars are prone to transmission problems. I purchased a "Mechanical breakdown policy" through a company called "Mercury insurance group". Does anyone have any input on this company? Good or bad?

Thanks

TheLowLife

Silly question, did you not research the company PRIOR to purchasing the policy?

justnspace

iTrader: (1)

a quick google search led to some results saying that its an insurance company that offers an "extended warranty"

like all insurance companies; they are trying to make money.

Hope you get your shit covered if anything were to happen

TLtrigirl

iTrader: (1)

i had a policy through mercury casualty co (not sure if it's the same company) a long time ago. only had one claim with them. they seemed to ok. didn't have any issues trying to get the car fixed.

as far as the mechanical breakdown aspect...i had that on my geico plan for my TL but once the car hit 7 yrs old...no more coverage. it was fairly reasonable in price over that time frame. used it once to replace my axles. pretty much broke even with the deductible that i paid. dealer did all the footwork to get it covered, so i had no issues.

kind of surprised they would even offer MBI on an 04. geico only offers this for cars bought brand new for 7 yrs or 100k. curious how much they are charging.

Chuck77083

Yes big bird....i did research. I simply want recent input from fellers that own the same vehicle. All the reviews ive read we fairly old

Turbocoop

iTrader: (3)

All of those aftermarket warranty companies are bullshit. The ONLY way you will ever come out ahead with one is if you are the tech, or are good friends with the tech who is working on your car at the shop- preferably a dealership. I bought one for my old TL and when my transmission went, like I could tell it was going to... I took it to a shop and told them what was going on, how it was a common problem, how it only started slipping after it was hot, all that jazz- they said no worries they would get it covered when the insurance company sent out an inspector. I got a call back a week later saying the inspector showed up, smelled like he was drunk, rode in the car for 5 minutes and said it was perfectly fine. I was in a 3 month battle with those dicks trying to get it covered and finally gave up and cancelled the policy, out like $500 for nothing. On the other hand when I was a GM tech and I had a silverado SS, I got every single thing I wanted covered with my aftermarket warranty- about $9000 in parts over 2 yrs... So it just depends on who you know I guess, and how well they can get it covered.

Chuck77083

Thanks for your input....i went with this company because it seemed to be a reputable insurance company that offer a similar policy as the ones geico and Farmers offer. Through my research it seems the mechanical break down policies are much better than the extended warranties

However i will keep the forum updated with my experience if i ever need to use this policy. If everything turns out good i will let u guys know incase anyone might be interested in gettin a policy for yourself

nismopowerdqg

i had them, they didn't cover anything that went wrong with my car lol

Chuck77083

Lol holy crap....would u care to share Ur experience? What was Ur claim for? And what was their excuse for not covering it

nismopowerdqg

i was having transmission issues and they kept avoiding the issue that it needed to be replaced. So i just got my money back

Chuck77083

How long did u have the policy for? And did they refund u the full amount u had paid? Did it take an extremely long time to get the refund