BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
Post Reply
 
Thread Tools Search this Thread
      07-30-2013, 12:33 PM   #1
sunsweet
Captain
 
sunsweet's Avatar
 
Drives: '13 ZCP ED+PCD Only Owner
Join Date: Jan 2012
Location: NC

Posts: 828
iTrader: (0)

loss payee for new car financing ?

My bmw financial insurance requirement guideline says that bmw FS must be listed as additional insured and loss payee. Is this normal procedure and how do you do that ? The amount i am financing is only a small portion of my total price.
sunsweet is offline  
0
Reply With Quote
      07-30-2013, 02:01 PM   #2
GreenLantern
First Lieutenant
 
GreenLantern's Avatar
 
Drives: Looking for a low mileage 1M
Join Date: Apr 2012
Location: SoCal & NorCal

Posts: 357
iTrader: (0)

Normal procedure even if you only financed $1. They are the lienholder and get paid first in the event of a total loss.
GreenLantern is offline   United_States
0
Reply With Quote
      07-30-2013, 04:40 PM   #3
WonderWagon
aka NateDogg elsewhere...
 
Drives: 2013 M3
Join Date: Mar 2013
Location: SoCali

Posts: 40
iTrader: (0)

NOrmal...just call your insurance company and have them list BMW Financial as payee...
WonderWagon is offline   United_States
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:07 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST