Paragon Tire & Wheel Insurance

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04-18-2009, 01:00 PM

CWS530

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My Ride: 2007 530i. Purchased 6/28/07. Titanium Silver Metallic, Black Dakota Leather, Dark Poplar Trim, Steptronic, Premium Package, Cold Weather Package, Bluetooth, Adaptive Control Xenons. 10/30/07 Added OEM 124s with 245/40/18 & 275/35/18 Michelin Pilot Sport A/S tires. Installed red Cal Coversï¿½ from BavAuto. 11/21/07 Added OEM all-weather floor mats (for winter, carpet in summer) and coat rack. 6/26/08 installed M5-style rear spoiler. 6/30/08 put on red reflectors. 8/22/08 Euro turn signal stickers applied. 3/20/09 Installed Shadowline Trim. 3/27/09 Added Matte Black Kidney Grilles from Trinity. 4/03/09 Installed Bimmian Shadow Matte Black 530i Badges. 4/04/09 Installed LED license plate lights from Trinity. 5/01/09 Installed Brabus Interior LED Kit and White Angel Eyes. 5/02/09 Put in Brabus 6K Fogs. 5/14/09 Removed charcoal filter. 5/15/09 Installed light smoke LED side marker lamps from Trinity. 5/21/09 Sprint Booster. 6/12/09 Painted exhaust tips flat black. 6/13/09 Pulled red Cal Covers and painted calipers low gloss black. 6/27/09 RPI Ram Air Scoop from Trinity. 8/15/09 Installed Brabus's silver invisibulbs front and rear. 9/24/09 Installed R-Dash license plate LEDs from Brabaus (John).

OK Guys, I just got this e-mail from Paragon, with whom I had a tire/wheel policy:

RE:

Dear

We regret to inform you that due to underwriting guidelines, we no longer offer the tire and wheel product on certain vehicle types. Effective immediately, the following makes no longer qualify for tire and wheel products.

Audi, BMW, Cooper, Jaguar, Mercedes Benz and Porsche

Should you have any questions about this notification or to inquire on refunds, please contact us at care@paragonmotorclub.com.

We thank you for your patronage and apologize for any inconvenience.

Sincerely,

Customer Care Department

Paragon Motor Club

care@paragonmotorclub.com

I just referred someone to this coverage a few days ago. Now WTH do I do? What a drag.

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04-18-2009, 01:04 PM

305bimmer

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My Ride: MY06 530i Silver Grey (A08)

I would send them a letter requesting a pro-rated refund of the premium for the canceled term of coverage. I would do it sooner than later because at some point the honey pot is going to run dry.

That sure is a bummer man. GL with getting it resolved.

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04-18-2009, 01:36 PM

BMRMEUP

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My Ride: 2008 535i Monaco blue/cream beige, light poplar trim, sport, nav, premium, Logic 7, 6 speed manual My other rides: Departed: 2006 530xi Silver gray/black, anthracite maple trim, cold, sport, nav, premium, Logic 7, 6 speed steptronic, bluetooth, adaptive xenons Departed...2002 525i White/beige, 5 sp manual

Does this mean they are insolvent? You could understand them phasing out costly policies, but dumping policy-holders seems pretty drastic. Obviously, none of those customers will be back. And I was just looking at one of the extended warranties they offer....

Hope you get some kind of coverage worked out.

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04-18-2009, 03:30 PM

coolguy

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My Ride: 2006 525i, Premium,Cold,Xenon Packages

Yah I am in same boat now. What is the next best insurance for Tire&Wheel now ?

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04-18-2009, 04:05 PM

CWS530

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Quote:

Originally Posted by coolguy' post='851365' date='Apr 18 2009, 06:30 PM

Yah I am in same boat now. What is the next best insurance for Tire&Wheel now ?

If anyone knows, let us in on it. I first purchased this coverage for $27.95 in February '08, and renewed at that rate just a couple of months ago. Then, in March, someone on here stated the rate had quadrupled to $110~ish. I was feeling like I'd gotten off cheap for the year, but now I have zilch. Oh great, they'll pro-rate me $20! I need coverage dammit! I'm officially paranoid.

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10-10-2009, 07:47 AM

coolguy

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My Ride: 2006 525i, Premium,Cold,Xenon Packages

What are people using now for Wheel+Tire coverage??

I blew up my tire last night.. Shitty NJ Roads!!

anyone know if I could claim something from NJ DOT for the shitty roads?

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10-10-2009, 07:50 AM

CWS530

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Quote:

Originally Posted by coolguy' post='1029245' date='Oct 10 2009, 10:47 AM

What are people using now for Wheel+Tire coverage??

I blew up my tire last night.. Shitty NJ Roads!!

anyone know if I could claim something from NJ DOT for the shitty roads?

You can try, but it's rare that it's worth your time to get $ from a state or municipality for that sort of thing.

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10-10-2009, 08:26 AM

luigi524td

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Quote:

Originally Posted by coolguy' post='1029245' date='Oct 10 2009, 11:47 AM

What are people using now for Wheel+Tire coverage??

I blew up my tire last night.. Shitty NJ Roads!!

anyone know if I could claim something from NJ DOT for the shitty roads?

Good luck with a claim against the municipality with bad roads. I filed two claims last year and was denied because the potholes had not been reported in advance so the road department would have adequate time to repair. My counter claim was that same section of road had been repaired (improperly) at least 6 times during the previous 12 months. The county administrator felt that was proper attention to he roads and complained about poor budgets. I filed a formal complaint of malfeasance - it has not been heard for more than a year!

I further complained in writing that if the roadway was repaired PROPERLY the FIRST time ... it would not be likely need repair 6 times in 12 months. It seemed like a waste of MY TAX DOLLARS.

The reply was "TOUGH S_IT" That's the way we handle these things... Pay your taxes and be happy with poor workmanship and Overtime out the A_ _!

It's the AMERICAN WAY -TAX AND SPEND SPEND SPEND!!

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10-10-2009, 09:10 AM

coolguy

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My Ride: 2006 525i, Premium,Cold,Xenon Packages

Oh ouch!

So you guys dont have any Tire+Wheel insurance? ITs costing me $200+ to replace one single tire

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10-10-2009, 09:20 AM

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luigi524td

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Quote:

Originally Posted by coolguy' post='1029273' date='Oct 10 2009, 01:10 PM

Oh ouch!

So you guys dont have any Tire+Wheel insurance? ITs costing me $200+ to replace one single tire

When I got my renewal notice from Paragon last year it went from $27/yr to about $150. I decided to lower the comprehensive on my auto policy from $500 to $250 - that cost me $60 for 3 cars! That turns out to be a better deal for me and now it's as though I've got W&T coverage on 3 cars so the possible $250 out of pocket isn't such a big deal! And comprehensive coverage applies to more than rims and rubber!

Think about that strategy now that Paragon is getting out of that coverage.

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