Return To Invoice Insurance

Has anyone any recommendations for any providers for this type of policy? I don't want regular GAP as it won't be much use, but a RTI Insurance would fit the purpose.

When we got the car 3 months ago I asked the salesman about it and he said they have stopped selling things like that anymore, in fact he didn't try and sell me a single thing!!

I bought a policy on my BMW which was RTI and and this is what we would like on the Evoque, any recommendations appreciated.

I used these guys when I took out mine.....
http://www.gapinsurance.co.uk/
Did it all on line. Their site felt better than some of the others I looked at so I went with them. Please read all the blurb to ensure you're happy though! Needless to say I hope I don't have to use it.

I took out the GAP that the dealer offered me. It's total GAP, I think it's with mapfre abraxxa ( I haven't got a clue how to spell it ). It covers the difference between original net invoice price or the balance of any outstanding finance and the market value of the vehicle, £399 5 years I think for cars below £30k, don't know what it is for over £30k as my salesman reduced the price for me.

I got RTI+ i went on the autotrader website and did it that way, cost about £290 i think. Well worth it if you have your car on finance. Especially reading the other thread on evoques stolen to order

Direct Gap - £195
Seemed to cover it all.

I think it is better to do replacement gap insurance instead of invoice gap insurance. IMO Invoice gap insurance will attempt to cover the gap between what your car insurance company will offer in case of a total loss or theft and the price at which you purchased the car. The Replacement Gap insurance attempts to coevr the shortfall to replace the car on a like for like basis or near same basis i.e. in case the car price goes up, you will be covered for that too.

(20-06-2012 03:50pm)KaDargo Wrote:  Direct Gap - £195
Seemed to cover it all.

+1, very helpful espically as I had a lot of questions. A lot cheaper than the £599 quoted by dealership for the same product.

(04-07-2012 11:31am)BrilliantEvoque Wrote:  I think it is better to do replacement gap insurance instead of invoice gap insurance. IMO Invoice gap insurance will attempt to cover the gap between what your car insurance company will offer in case of a total loss or theft and the price at which you purchased the car. The Replacement Gap insurance attempts to coevr the shortfall to replace the car on a like for like basis or near same basis i.e. in case the car price goes up, you will be covered for that too.

Be careful as some replacement GAP only return a similar age and mileage car, in that case return to invoice is a better bet.

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(04-07-2012 11:31am)BrilliantEvoque Wrote:  I think it is better to do replacement gap insurance instead of invoice gap insurance. IMO Invoice gap insurance will attempt to cover the gap between what your car insurance company will offer in case of a total loss or theft and the price at which you purchased the car. The Replacement Gap insurance attempts to coevr the shortfall to replace the car on a like for like basis or near same basis i.e. in case the car price goes up, you will be covered for that too.

Like for like means same age and mileage ( ie not a new car)!

Good point. Thanks for pointing this out. I am planning to finalise this over the weekend so will check it out.