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Got GAP insurance, can I get a refund?

catmiaow
catmiaow Posts: 5,954 Forumite
1,000 Posts Combo Breaker
in Motoring
I took out Gap insurance with my car, when I took out finance in March 2007. I have just paid off the car finance and wondered if it is worth writing to ask them for a refund of the £200 I paid for it.

If s, how do you think I should word it?

Thanks in advance
No you're not a vegetarian if you eat any animal or fish, so do not insult genuine veggies by calling yourself one! :mad:

Thanks to everyone who posts competitions. You are the stars of the board :T:j:T
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Comments

  • terryya
    terryya Posts: 603 Forumite
    Why would you get a refund? Surely the whole point of insurance is that you pay for something on the off chance that you'll need it but more often than not you don't. If your house doesn't fall down you can't reclaim your buildings insurance.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    catmiaow wrote: »
    I took out Gap insurance with my car, when I took out finance in March 2007. I have just paid off the car finance and wondered if it is worth writing to ask them for a refund of the £200 I paid for it.

    If s, how do you think I should word it?

    Thanks in advance

    :rotfl::rotfl::rotfl:
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • catmiaow
    catmiaow Posts: 5,954 Forumite
    1,000 Posts Combo Breaker
    Yeah I know but I have heard that if you don't claim on the insurance and write to them they can offer refunds.
    No you're not a vegetarian if you eat any animal or fish, so do not insult genuine veggies by calling yourself one! :mad:

    Thanks to everyone who posts competitions. You are the stars of the board :T:j:T
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    catmiaow wrote: »
    Yeah I know but I have heard that if you don't claim on the insurance and write to them they can offer refunds.

    No, no, sweetheart, who ever told you that is winding you up.

    Sometimes you take insurance out on say a three piece suite and in the contract it says that if you dont claim in the 5 years then you claim it back but thats all tied up in the original contract at the beginning of the agreement..

    I would just move on from this one.
    Goodluck
    Annie.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • Jakg
    Jakg Posts: 2,267 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I have paid for car insurance and *NEVER* needed it. Where do I get a refund?



    How do you think they make any money?
    Nothing I say represents any past, present or future employer.
  • motorguy
    motorguy Posts: 22,626 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    catmiaow wrote: »
    Yeah I know but I have heard that if you don't claim on the insurance and write to them they can offer refunds.

    Yes, this is totally true. I didnt claim on my car insurance last year and i wrote them a really nice letter and they gave me all my money back!

    :whistle:

    Bless your little cotton socks.
  • blue_haddock
    blue_haddock Posts: 12,110 Forumite
    Well i didn't claim on my insurance last year so i wrote to them and not only did they give me all my money back but they also gave me a bottle of champers and a certificate for being such a kind considerate customer!
  • tanith
    tanith Posts: 8,091 Forumite
    Part of the Furniture Combo Breaker
    blue_haddock wrote: »
    Well i didn't claim on my insurance last year so i wrote to them and not only did they give me all my money back but they also gave me a bottle of champers and a certificate for being such a kind considerate customer!

    :A Be an angel and give us the Company name? I could do with the champers..:D
    #6 of the SKI-ers Club :j

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Okay all, weve all had our fun, now, bless her.

    We've all been naive at some time.

    Have a laff, about it and move on.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • mikey72
    mikey72 Posts: 14,680 Forumite
    So none of you would ever think to cancel an insurance you don't need then?

    Back to the question.
    What type of gap insurance was it?
    If it is an annual policy, look at the cancellation terms, some offer a pro-rata refund subject to a fee, others have a %, but if it ends in March either you have just renewed it, so you will be in the 14 days, or it's just about to run out, so you're ok there as well.
    If it was a longer term, for several years, again they should have a refund schedule, but it may not be alot after 3 years, or it could be expired anyway.
    Best way is to find the policy t&c's, phone them up, then send a confirmation letter.
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