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Gasket

Member Since: 30 May 2020
Location: Manchester
Posts: 629

Insurance for appreciating defender? Gap?

Hi folks.

Just spent the day getting quotes together for the new defender 2010 CSW with 45k miles and no rust. No problem - my existing insurer (esure) turned out to be the cheapest of the non-specialist insurers.

But... prices to replace the vehicle from dealers have gone up even since I agreed the deal on mine. The cheapest comparable one on autotrader is now £5k more than I’ve paid.

I’ve had agreed value in the past... which is fine except the value increases every month so an agreed value today may still not be enough in 6 months.

So I’ve been looking at GAP policies as an added protection: I’ve found a few “replacement vehicle” options for not a lot that would take it right back up to the value I paid, but none that would simply pay me the value of a comparable vehicle from a reputable dealer in the future - the cost of replacement could easily double in price in the next 5 years.

Ha anyone found a solution to this? I’ve seen A plan mentioned a few times on here so I’ll give them a call for the main policy before I sign with esure.

14th Jun 2020 4:46pm

mse

Member Since: 06 Apr 2008
Location: UK
Posts: 5038

2016 Defender 110 Puma 2.2 XS CSW Scotia Grey

Older post I know, but vehicle replacement plus will do this... Mike

8th Dec 2020 12:25am

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