GMAC Insurance Background
GMAC Insurance is part of General Motors Acceptance Corporation. GMAC Insurance is a one of the most successful financial service organizations committed in providing excellent knowledge and expertise in order to help individuals make successful financial choices. GMAC Insurance customers include consumers, along with auto dealerships and other types of businesses. GMAC Insurance is headquartered in Southfield, Michigan and St Louis, Missouri. There are more than 100 offices of GMAC located in different locations of the United States and Canada and other parts in the world employing more than 3,800 employees around the world.
The history of GMAC Insurance dates back to 1919, when the company was established as an arm of General Motors. In later years, many changes took place due to growth and expansion into new products and markets to meet customer demand and needs. GMAC insurance became the first one to sell vehicle service contracts, in order to protect its customers against sudden and unexpected repairs and breakdowns. GMAC Insurance is one of the largest underwriters in the world providing insurance and financial coverage and services to a diversified range of customers. GMAC Insurance Online is a subsidiary of GMAC and holds certificates of holdings in all 50 states. The goals of GMAC Insurance is to provide a broad range of insurance and insurance related products to a broad range of customers in U.S. and around the world at competitive prices.
General Motors Acceptance Corporation is a financial service company that is a part of General Motors. GMAC Insurance offers many insurance financial programs and services that include automotive and mortgage financing, and other related insurance services. ResCap Holding is an umbrella company for residential mortgages. ResCap Holding is the parent for GMAC Mortgage, GMAC-RFC, GMAC Bank, Ditech.com, and Homecomings Financial. The Better Homes and Gardens Real Estate purchase a real estate service subsidiary.
GMAC Management Team
Eric A. Feldstein Chairman, GMAC (General Motors Acceptance Corporation)
William F. Muir President, GMAC (General Motors Acceptance Corporation)
Mark F. Bole, Executive Vice President, GMAC International Operations
$72 For 12 Hours Of Insurance
I signed a policy with a different insurance company and therefore had to cancel my insurance with GMAC. They sent me a cancellation paper in the mail to fill out. I filled it out as soon as I got it and then I faxed it back to GMAC. It was received the morning that my old policy was due for renewal. Before I got my new policy I had paid GMAC $691 and was told I would get back $618.94. Because the cancellation paperwork is being processed slowly, I am being charged $72 for a half days worth of insurance!
Cannot Remove Car From Policy
In May I called my agent in order to request that one of my cars be taken off my insurance policy. The agent convinced me to leave the car on the policy because it cost so little to insure every month. Two months later, I called the agent back and again asked to have the car removed. He only half processed the paperwork so that when the next bill came, the car was still on the policy. I called the 800 # and was told that I still needed to pay the bill despite the conversations that I'd had and the paperwork that was submitted. When the next bill arrive the car was still on the policy. When I called and asked for a refund, I was told that they would not give me one.
Gmac is great
The experience at GMAC really shows. They were able to answer all of my questions that I had, and help me get on the most affordable plan for me.
looking out for your best interest
This is the first insurance company that I've been with where the company actually care about you every time you sit down with them. GMAC wants to get you the best plan, at the best rate. This is how more insurance companies should operate!
I was in an accident and called GMAC. Their response time was pretty good, but the agent they sent out didn't really know what he was doing. He must have been new. I give an A for response time, but an F for experience.