[Robby]

It is (full name) The GM Protection Plan powered by Ally.

So, yes, the program still exists......the administration is the same......the underwriter is National General and has been for over 20 years.....just was never advertised that way.
It was a product of GMAC but because of all the banking realignments and such, GMAC became Ally financial.

If you are going to put a contract on your car......any brand, only purchase manufacturer backed programs.
Manufacturer programs are designed to pay, not deny, claims with a overall loss ratio of around 85%.
That means, 85% of money taken in is utilized for claim payment with the remainder used for administration expense.

Aftermarket programs are designed to be income generators for the sellers of the program......they are not designed around customer satisfaction of the vehicle they chose.
The aftermarket programs are profitable through the use of claim DENIAL.........they will look at every claim from every angle in a attempt (usually successful) to blame the failure on the customer....such as lack of maintenance or normal wear and tear.

Bad Ju Ju,

Rob

 

[Robby]

Of course the salesman will say that. I remember getting cards in the mail that my car warranty was about to expire. I'd laugh. Because I was driving 15-20 year old cars at that time. My only temptation was to turn it in to the State Attorneys office.



So is "The GM Protection Plan powered by Ally" the "old" plan and would you still consider it a "manufacturer-backed" program? (And what is the difference between it and the current GM plan?) The reason I ask is my B2B has got about 2 months left and I need to make a decision. I procrastinated this long thinking the old plan wasn't available and as long as the B2B was still in play it was the same price.

It is essentially the 'Old' plan and Ally is the new name for GM's captive financial arm.....formerly GMAC.
All the name changes were a result of GMAC's deep involvement in the mortgage market and after the bank collapse (lack of a better word) GMAC had to reinvent itself the same as many other banking institutions.
National General, essentially a GM owned insurance company, continues to be the underwriter and financial backer of the program.

I see no cause for concern.....the plans still have the same names (ie Major Guard) with lesser coverage programs using different titles and more clearly spelled out exclusions.
As such, I cancelled the agreement on my Cruze when I traded it in last month and applied those funds to a new agreement (Major Guard) on my new Trax.

The only thing I noticed, and this only because I have had many GMPP contracts, is the coverages are far more clearly spelled out as stated above......otherwise, same, same.

Rob