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All insurance products give you the option to choose more or less coverage. Perhaps a door handle and the trunk release is a cheap repair, well under the deductible (and perhaps the BMW extended warranty is the same for charging multiple deductibles in this case). This is more like a major medical policy. Although with a BMW it does not take a lot to get up to $250. I am thinking about electronic issues, Air Conditioning, etc. To buy a policy as comprehensive as this (albeit with a lower deductible) I believe is $5K to $7k (please correct me if I am wrong). While the Geico policy I am guessing is not transferable, at least one need not pay such a large premium for general piece of mind for repairs that can easily cost $1,000 or more. I think my odds of coming out ahead (which is the way I tend to weigh whether a policy is worth it) are pretty good on something like this. Am I interpreting this wrong?
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