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+-- Forum: Marketplace (/Forum-Marketplace)
+--- Forum: Finance & Insurance (/Forum-Finance-Insurance)
+--- Thread: Gap Insurance (/Thread-Gap-Insurance)
Gap Insurance - KaDargo - 10-08-2011 12:07pm
I will be taking this out - anyone got any recommendations?
My order sheet had a space for it - are the dealers quotes competitive?
(seems to be about £300 in the searches I've done so far)
RE: Gap Insurance - XFullFatTim - 10-08-2011 12:43pm
Have taken it out on my last two cars............. fortunately I've never needed to claim on it!
RE: Gap Insurance - ajmooseman - 10-08-2011 01:32pm
(10-08-2011 12:43pm)FullFatTim Wrote: Have taken it out on my last two cars............. fortunately I've never needed to claim on it!
Got in on the Cayenne at the moment, Dad has it on the R class, not sure about taking it again???
Although popping down to Tottenham for a for the day, may solve a few problems and have it's benefits
did I really say that no...only kidding..
RE: Gap Insurance - Bri 7 - 10-08-2011 01:33pm
Yes i will take up the Gap option, I allso had it on the last
2 RRS, I tried with Gap Direct who was the cheapest, saved about
£ 180.00 compared with the Stealer, Then they priced matched
once i emailed the quot over. Hopes this helps don't all ways take
take there price as the cheapest. Bri
RE: Gap Insurance - xxxx5 - 10-08-2011 01:41pm
I will be taking it out. I have had it on the last 4 BMW. Nearly had to use it once!
Bri - thanks for the tip. didnt know you could buy it else where!!
RE: Gap Insurance - XFullFatTim - 10-08-2011 01:53pm
There is a specialist over on RRSport forums posts as Kam100 - take a look there as he offers competitive quotes on everything to do with cars from Gap through to tyre insurance
RE: Gap Insurance - Charlie - 10-08-2011 02:19pm
(10-08-2011 01:53pm)Bananaman Wrote: What is gap insurance?!
Thinking the same thing
RE: Gap Insurance - Bri 7 - 10-08-2011 02:43pm
(10-08-2011 02:19pm)Charlie Wrote:(10-08-2011 01:53pm)Bananaman Wrote: What is gap insurance?!
Thinking the same thing
Gap Insurance, pays the differance after your 1st new year of ownership, so if anything happens to your pride and joy, Gap pays the differance and you get a new car, It can go upto 5 Years.
If that's not correct iam Sure Tim will correct me,
Bri
RE: Gap Insurance - kam100 - 10-08-2011 03:13pm
Thanks for the heads up Tim.
Yes we sell GAP insurance, underwritten by AM Trust Europe (one of the largest UK providers).
Dealers generally make a good margin on the products.
We can sell for substantially less.
Website: http://www.gapinsuranceuk.net
Benefits:
- 12 months interest free/purchase on Debit/credit cards.
- As most insurers allow you 'like for like' on brand new cars in the first year, and due to the fact on return to invoice policies you have to buy within 30 days generally of purchase, we allow you to buy now and defer the start date for a year to get full benefit of the GAP policy.
- Also our policies as 'return to invoice' are transferable onto your next vehicle should you switch before the term of the GAP has run out.
Hope we stand a chance to get your business.. thanks again!
RE: Gap Insurance - XFullFatTim - 10-08-2011 03:33pm
Welcome to the forum Kam and Bri 7 you got it in one!
Here is the premium spectrum Kam has sent me
"What's the balance of the car? £40-60k is it?
If that’s the case:
Term: 3 years
Claim Limit: £25,000
Total Premium: £209.00
Term: 4 years
Claim Limit: £25,000
Total Premium: £276.00"
Remember what you are insuring si the difference between what your own normal car insurance company will pay out and the cost of the replacement car, up to £25000 in this case.