Extra Insurance

[fifeken]

Just bought a second hand car at the weekend and the garage offered an extra insurance type policy. It covered damge to tyres (excluding normal wear and tear), broken/lost keys and something called RTI (Return to Invoice) cover where if the car is written off and the regular insurance payout does not cover the purchase (invoice) price, they would make up the difference. Can anyone comment on these policies as I'd never heard of them before. Can you get the same cover elsewhere as it's unlikely the garage will be competitive?

[westie666]

When I purchased my car I was offered this in the first quote, and I said no, as I always shop around. but when I signed the docs and got the car home, I found they had included it in the price. Not ever had to use it, but over 5 yeas an extra £5 pm cant be bad, thats £5 less a month for me to throw away!!

[Astaroth]

Guess it depends on the price and what car you have, if it is £5/month like Westie then you are talking about £60 a year.

A complete set of cheap tyres for my car is £75 so that doesnt sound that good esp as there could be an arguement that they have got a puncture due to weare and tear.

Lost keys are covered by normal insurance as you have to get all the locks and ignition replaced too - would need to check that the cover will cover this too.

RTI - depends how long this cover is and very much on your vehicle - sounds like a lesser version of GAP insurance

[fifeken]

Thanks for the input. I've pressed your thanks buttons but it doesn't seem to be working.