"Underwater"
He immediately disconnected the trailer and, with the assistance of another 4 wheel drive Jeep, tried to dislodge
the vehicle from the muck.
Despite their best efforts, the truck kept sinking deeper and deeper into the sludge.
To make matters worse, the tide was coming in. By the time the tow truck arrived his SUV was half submerged
in the salty water of the Atlantic.
Needless to say the insurance company totalled his truck, but he was underwater in more ways than one.
When he finished crunching the numbers, he determined he was stuck with an outstanding balance of $6,400,
or the equivalent of 16 more payments.
the vehicle from the muck.
Despite their best efforts, the truck kept sinking deeper and deeper into the sludge.
To make matters worse, the tide was coming in. By the time the tow truck arrived his SUV was half submerged
in the salty water of the Atlantic.
Needless to say the insurance company totalled his truck, but he was underwater in more ways than one.
When he finished crunching the numbers, he determined he was stuck with an outstanding balance of $6,400,
or the equivalent of 16 more payments.
| The tide beat the tow truck. |
| GAP Auto Insurance Coverage |
Think this can't happen to you? Well, maybe not if you don't tow a boat around, but accidents are the ultimate
open tent event and everybody's welcome to participate. nhtsa
Speaking of Dodge Durangos, they were one of the Top Ten Vehicles Stolen in 2008. Another eye opening
statistic is that all ten of the most stolen vehicles included models less than two years old. This is the period of
time when you, as a new car owner, are most vulnerable to incurring a substantial financial loss if the
unexpected occurs.
The problem with accidents is you never see them coming. If my son and I pulled that boat out of the water once,
we pulled it out a hundred times without incident. You just never know when it's going to be your turn.
The sad part is had he known, he could have bought a gap policy for about the same cost as one car payment
and saved himself from flushing 16 wasted payments down the drain.
open tent event and everybody's welcome to participate. nhtsa
Speaking of Dodge Durangos, they were one of the Top Ten Vehicles Stolen in 2008. Another eye opening
statistic is that all ten of the most stolen vehicles included models less than two years old. This is the period of
time when you, as a new car owner, are most vulnerable to incurring a substantial financial loss if the
unexpected occurs.
The problem with accidents is you never see them coming. If my son and I pulled that boat out of the water once,
we pulled it out a hundred times without incident. You just never know when it's going to be your turn.
The sad part is had he known, he could have bought a gap policy for about the same cost as one car payment
and saved himself from flushing 16 wasted payments down the drain.
The term underwater can have a couple of different
meanings. The most common is submerged below
the water's surface.
A second definition for underwater is when the loan
on an asset, such as an auto, exceeds the value of
the underlying asset.
In other words you owe more than it's worth.
The following story recounts how my son found
himself underwater in more ways than one.
While pulling his small fishing boat and trailer out of
the water, his 4 wheel drive Dodge Durango became
mired in the sand and rocks of an unpaved boat ramp.
meanings. The most common is submerged below
the water's surface.
A second definition for underwater is when the loan
on an asset, such as an auto, exceeds the value of
the underlying asset.
In other words you owe more than it's worth.
The following story recounts how my son found
himself underwater in more ways than one.
While pulling his small fishing boat and trailer out of
the water, his 4 wheel drive Dodge Durango became
mired in the sand and rocks of an unpaved boat ramp.