Gap insurance for cars

greyhorse_2

After having my 6 month old car written off, Im getting a new one only because the insurance policy I had in force with esure offers new for old on the first 12 months.

Thought I would offer a few tips to other so they dont get caught out.

• New for old is only offered by some insurance companies in the first year.
• A car that has been a demo, or registered to a dealer even if a day old is classed as a used vehicle !!!!
• If your not at fault and the third party writes your vehicle off, they will only offer market value, you can still reject and claim on your own insurance.
• If your offered stop gap insurance on a new car its really worth taking, I had never heard of it before and turned it down, for a fixed price you get 3 years cover on brand new car, and its stollen a write off, in that 3 years you get the full invoice price back.

Just some warnings after the horrible time I have had.

daveyjp

New for old is offered by most insurance companies during the first year.
GAP insurance from dealers is a rip off - if you want it shop around.