My 2022 Gladiator burned down... how?

[ShadowsPapa]

Mice chewed part of the plastic shield off my alternator and took 30 shits on my battery felt cover. I hate the damn things. I have a strobe light and ultrasonic annoyer in there now. It sucks that it's a permanent battery draw but whatever.

Around here, our mice would call that a mousy disco bar. They'd invite friends over for a party.

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[ZoMojave]

Well, here we are at post #92. Lots of guessing and no additional comments since post #14 from the OP.

Very hard to speculate without even knowing the basics of the vehicle itself or details on how it was stored. Not to mention the mods and who installed them. Bummer this happened but seems to be a moot point at this time.

The insurance part of this should not even be up for debate.

 

[GeneralMaximus]

Isn't that a Gap Insurance issue? It was my understanding that gap insurance covered the value of the outstanding loan versus value of the vehicle due to depreciation.

If OP had taken out a loan for $70k and bought GAP insurance, he wouldn’t be in the predicament he’s in right now. Unfortunately, with his cash purchase he is taking 100% of the depreciation loss

 

[ZoMojave]

If OP had taken out a loan for $70k and bought GAP insurance, he wouldn’t be in the predicament he’s in right now. Unfortunately, with his cash purchase he is taking 100% of the depreciation loss

I wonder if GAP insurance is available even with a cash purchase to cover depreciation for situations like this?

Probably not cheap though.

 

[ShadowsPapa]

If OP had taken out a loan for $70k and bought GAP insurance, he wouldn’t be in the predicament he’s in right now. Unfortunately, with his cash purchase he is taking 100% of the depreciation loss

Do we know he's in a situation? Do we know he owes more - I must have missed that part where he owes more than it's worth. I don't on mine - mine is worth more than I owe on it.
So taking out a loan, GAP insurance, it's all just mud in the water.
And in any case, no matter how it's looked at, he's still only going to get from insurance what the current FMV was. He could owe 70K on it, gap covers the difference, fine, but he's still out what he's paid on the loan. IF he owes 50K on it and it's worth 40K FMV gap will cover what he owes vs. FMV but he's still out 2 years of payments and interest. So isn't it sort of a wash?

There's the interest on the loan. OF course some will counter that with opportunity costs for the cash and so on.
You pay interest every month on that loan. Over 2 years, it adds up a bit.
You also pay for the GAP insurance - it's not free.
So loan interest to date plus GAP insurance costs is some small part to consider.
And then there's my case - no GAP insurance, but not up-side-down, either - so just because you took out a loan doesn't mean it's this or that. We don't know what the down payment was, the interest rate or anything else.
My JT is worth more than I owe on it - a person could try to figure or justify it to death in almost any direction.

 

[MaximusTX]

Just to add to the confusion not all GAP Insurance is the same. Depending on which one you get they range from covering 75% up to 150% of the MSRP price of the vehicle and some cover negative equity trade-ins and some do not. You really need to read the fine print when purchasing the GAP insurance to make sure you are covered for your specific situation. I purchased a new F-150 4 years ago and was hit by a school bus 2 months after purchasing it and the insurance only gave me about 50% of the MRSP price but F-150s were a dime a dozen back then but luckily I purchased GAP which covered the remaining $30K on it. I'll never purchase another vehicle without it. Small price to pay to be covered.

 

[Gvsukids]

.....?

I don't think there's any vehicle model out there that hasn't had a fire in it at some point. Not sure what you're getting at. Are you saying the mere occurrence of a fire makes it a known Gladiator issue?

OP asked a question,
I was just answering the question.
https://www.jeepgladiatorforum.com/forum/threads/fire-fire-my-gladiator-burned-down.58206/unread

https://www.jeepgladiatorforum.com/forum/threads/gladiator-on-fire-burned-to-the-ground….48078/

EV cars are least likely to catch fire.

 

[sharpsicle]

OP asked a question,
I was just answering the question.
https://www.jeepgladiatorforum.com/forum/threads/fire-fire-my-gladiator-burned-down.58206/unread

https://www.jeepgladiatorforum.com/forum/threads/gladiator-on-fire-burned-to-the-ground….48078/

EV cars are least likely to catch fire.

Yeah, I'd re-read the question. The question wasn't "has there ever been another fire in a Gladiator".

 

[Scott0700]

If I am understanding this, the OP bought a fully accessorized JT from the dealer.
If the dealer arranged the insurance and failed to disclose to the insurer that the vehicle had a substantial amount of upfit, I think the OP has a solid case of negligence against the dealer.
As many have said, get a lawyer and get all the facts properly laid out.

 

[Hootbro]

Well, here we are at post #92. Lots of guessing and no additional comments since post #14 from the OP.

Very hard to speculate without even knowing the basics of the vehicle itself or details on how it was stored. Not to mention the mods and who installed them. Bummer this happened but seems to be a moot point at this time.

The insurance part of this should not even be up for debate.

Just look at the timeline:

August 6, 2023: OP claims that is when his JT burned to the ground.

October 6, 2023: OP decides to join board two months after said incident.

October 23, 2023 : OP makes first post ever about it.

From my viewpoint, the OP only came here to feel out the board and posted looking for a pity party and maybe some hail mary advice that would help him out. When given the gut check of his disconnect from reality about being made whole and push back asking question that maybe it could be external causes outside of Jeeps control, he stops participating but still lurks.

Most people to include me feel for the guy and his shitty situation, but overpaying and being under insured is on him.

 

[cranbiz]

And he got good advice. I'm sure it's not what he wanted to hear but the advice for most posters is right on.

There was some preaching and a couple of cynical posts but over all, what was given to him would be helpful if one was really looking for advice.

 

[GeneralMaximus]

I wonder if GAP insurance is available even with a cash purchase to cover depreciation for situations like this?

Probably not cheap though.

No, Guaranteed Asset Protection(GAP) insurance by definition covers the “gap” between what you owe on the car loan vs what insurance will payout in the event of a total loss.

 

[GeneralMaximus]

Do we know he's in a situation? Do we know he owes more - I must have missed that part where he owes more than it's worth.

OP mentioned in an earlier post, he paid for the Jeep. His words were, and i quote… “I didnt have GAP insurance due to the fact I did not have a loan.”

 

[ShadowsPapa]

EV cars are least likely to catch fire.

This is a fact few will accept because of the media sensationalizing it, and the fact that it's harder to put them out when they DO catch fire.
The numbers don't lie - a gas or diesel powered car or pickup is far more likely to catch fire, especially when you break down percentages.
When was the last time a gas car fire was a headline?
But let an EV catch fire and they are suddenly EVIL. Beware your neighbors EV - Halloween is approaching.

Anyway - the bottom lines are:
Vehicle fires happen.
Are Jeep fires more common? Hmmm......... depends. If a manual transmission, yeah, there's a known problem.
If they are more common without a manual transmission, is it because of the way it's made and put together, or, due to what the owners do or have done later?

Report it, sure, but don't expect results this year or next. NHTSA is responsible for many millions of vehicles made by many manufacturers from all over the world. Takes time.
In any case, insurance is responsible. That's it. They cover losses.
You can't go after Jeep unless you have true experts thoroughly analyze the vehicle and if the expert claims it was electrical, it's very possible that then Jeep will come back and suggest that maybe it was some accessory.
You are talking court, attorneys, and the attorneys will take a chunk of anything you get.
Forget class action as you must prove an issue known to Jeep and they ignored it, and that the issue was common to any Jeep of that model. So attorneys would have to dig and find other instances - and those instances would have to be proven by experts to be Jeep's fault.
Tough journey to take.

No, Guaranteed Asset Protection(GAP) insurance by definition covers the “gap” between what you owe on the car loan vs what insurance will payout in the event of a total loss.

And that's the basics of it right there. Difference between what you OWE and what the insurance gives you in event of a loss.
Do be careful with the insurance end - some companies hire a third party who's job is strictly to determine vehicle values at time of loss. Found that out from my brother who worked inside the insurance industry, and from our attorney when my father was killed and I went through the insurance mess with his Ford Ranger pickup. Insurance kept coming back with bunk. Found out they farmed out the FMV determination to another group so it made it really complex - I communicated with the insurance company and each time, things had to be passed back and forth. It was messy and I was ready to strangle before it got done.

 

[ShadowsPapa]

OP mentioned in an earlier post, he paid for the Jeep. His words were, and i quote… “I didnt have GAP insurance due to the fact I did not have a loan.”

Thanks - I did read that but forgot I had read that part. That makes it cleaner in that respect, not better, just cleaner.
So any talk of GAP or a loan is not even related to his issues.

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