Gap car insurance advice please

Inactive

Agreed, I wouldn't buy a policy that didn't have that cover, assuming that I had purchased a new car.

daily_2

This thread is full of spammers, (low post counts only)

Mazda_Driver wrote: »

Hi all, this is my first post as I picked up on the Gap Insurance comments.

Strong views on this one...
I was offered it when I bought my car 18 months ago, I paid just over 7k so decided not worth it. Three months ago I got a cheque from Sheilas Wheels for just under 4K - I lost £3,000:eek:!!!! I'm sill reeling!

Jemo - Member
Posted 17 hours ago

I was offered it when I bought my second hand fiesta a couple years ago, I paid about £6,000 so I decided it wasnt really worth it. How wrong was I! Three months ago I got a cheque from Churchill for just under 3K. I lost £3,000!
Anyway I have now purchased a new golf and decided to learn from my mistakes! So i shopped around online for Gap Insurance. I nearly bought from Axa but when I checked the small print decided to go with http://www.click4spamgap.co.uk. The lady i spoke to was so helpful and efficient (i had a lot of questions!)
In my opinion Gap Insurance is well worth it, hope this helps )

http://www.singletrackworld.com/forum/topic/anyone-tell-me-about-gap-insurance

CandleFan

dacouch wrote: »

CandleFan wrote: »

Have a read of your policy, the vast vast majority will arrange a new replacement car of the same model / spec at list price if your car is written off (Generally repair costs of 60% or more of the value) within the first 12 months of ownership from brand new (Providing you are the first registered keeper). If your with the NFU its the first two years of ownership.

This was with my existing insurer (for old car) but called to get a quote for buying new car and they seriously stressed that I would only get market value. Thanks, I will double check however, as it could have been a mistake. What is NFU, by the way?

Mazda_Driver

daily wrote: »

This thread is full of spammers, (low post counts only)


Hi - I understand your comment, but it's missplaced.

I picked up on the thread as I got such a low payout from my insurer and wish I'd taken Gap Insurance when I had the chance. I also was interested if any-one had any opinions on the confused.com "Car Depreciation Insurance"

As for the low post count - we all have to start somewhere.

Luci09

Hi, i've had a look at the Car Depreciation Insurance on confused.com website and im a little confused myself.

As i take it, i will get back the market value of my car as of today for £95 for two years. That is good but for the extra £20 i could get Return To Invoice which will bring me back up to the price on the invoice. A lot of people in this thread recommend the Invoice one, but what exactly is the difference? Surely i would have been sold my car at market value price so the invoice price would match the market value price?

Also, i bought my car on finance and the confused.com insurance can cover me for that too so im leaning towards this one, but like MazdaDriver i would like to know what people think?

AdrianHi

Luci09 wrote: »

invoice price would match the market value price?

Yes at the time you bought the car. Normally if RTI insurance is offered you have to take up the offer within a certain time period of buying the car, in the case I was given when I bought my car, 3 months. If I took it after that the insured sum would be the market value at that time.

daily_2

If post count is < 100 Don't waste your time answering the question. The thread is spam.

Inactive

daily wrote: »

If post count is < 100 Don't waste your time answering the question. The thread is spam.

I agree, more new posters on it every day.

Luci09

daily wrote: »

If post count is < 100 Don't waste your time answering the question. The thread is spam.

This is a bit unfair dont you think? I am new to the site hence my low post count. I am using this forum for advice, as is every other user, not for posting any 'spam'. What could i possibley be promoting by asking advice?

It states 'Remember, this is an open forum! Anyone can post..' nowhere does it mention members must have more than 100 post count.

Thank you AdrianHi for your reply, i think the time period was 3 months also for Return To Invoice. Still not sure of the difference if i took out Return to value and was guaranteed todays value of for example £10,000 and if i took out return to invoice after paying £10,000. I would still be getting £10,000 back in event of a claim, with either or the gap insurance types. Sorry if thats not clear, im very confused! haha