 | Home > Off Topic > GAP insurance |
 
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| mse Member Since: 06 Apr 2008 Location: UK Posts: 5055   
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Who knew a simple topic was so difficult!
Anyone know anything about it... Mike |
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16th Mar 2011 2:23pm |
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| Grockle Member Since: 24 Nov 2008 Location: Peak District National Park Posts: 2266 
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depends on shut lines I think 2.4 90 XS
1968 1/32 scale Britains 109 Pick up. |
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16th Mar 2011 3:10pm |
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| BigRuss Member Since: 15 May 2010 Location: Norfolk Posts: 2785 
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It's free with NFU Russell
2011MY 110 XS USW Black |
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16th Mar 2011 3:45pm |
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| TC Member Since: 21 Nov 2010 Location: Gloucestershire Posts: 715
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Insurance for your insurance..........what a wonderful world we live in! Essentially this is an industry built around the principal that insurance companies will never pay out the full retail value of any write off, therefore you need some sort of protection against the difference. My indy finance broker suggested I try these guy's - http://www.shortfallcover.co.uk/ Quoting and purchasing is dead easy; I have never had cause to use Shortfall Cover but he reportes that their policies do pay out as per T's & C's (I consider my broker to be a good friend who's opinions I trust) - the GAP sold by dealers in my experience is ridiculously expensive. One important point to remember though is that most insurance companies operate a return to invoice price policy on brand new cars for the first 12 months - this may be enough for you. If not, buy a 4 year policy. I personally despise the principal but would never be without it, I have bought GAP through the above now for my last 4 cars, they have started offering discounts for new policies from existing customers. * Please take the above as my views only and not financial advice. |
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16th Mar 2011 3:46pm |
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| mse Member Since: 06 Apr 2008 Location: UK Posts: 5055
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Thanks TC...i shall check them out.
Definately convinced a 3yr policy for the sport is the way forward, not bothered on the defender as devaluing wasnt an issue (unless it doesnt make it the final 3 days!) - but for the sport i think its more important. I was going for 3 years but i keep getting lost in return to invoice and basically return to new car etc polocies...i think ill end up with return to invoice...next to choose the value! I had been looking at: http://www.surfandprotect.com/gap-insurance-quote.asp as i had heard good things. screwed by dealers at nearly £1000 for a policy i can get for £200 
forgot i was talking to defender owners  
Ill look into that...what ive seen is most are only full replacement new car - like for like - in the first year only Mike |
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16th Mar 2011 3:53pm |
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| mse Member Since: 06 Apr 2008 Location: UK Posts: 5055
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Ive gone with Admiral now - by far the better quote...ok not by far but by about £20!
My plan is to change between 2 and 3 years - certainly arent thinking going outside of warranty as i sit here now! The added complication is discount...i get it and it skews the invoice price...i had one recommend retail as i would get a new car and not consider discount and i had the other say exactly the opposite which lead me to ask for real world experience! Price and cover of the company you suggested seems good. Mike |
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16th Mar 2011 4:20pm |
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