Money back Car insurance

saxonmessiah

Been offered a car insurance policy where if i pay £299 xtra when buying the car i will get a full refund if the car gets written off. Is this a an honest policy or just a way of conning more cash out of my wallet?

InsideInsurance

By the sounds if it you have been offered Return To Invoice (RTI) GAP insurance.

The ones from dealers tend to be fairly poor value and there are plenty of others you can get online that are better.

Need to check a few things before buying:

1) What do they use as the base price to arrange the settlement from - your insurers actual settlement figure or what they calculate what the car insurer should have paid you (needless to say the GAP insurers are more optimistic than the Car insurers)

2) What exactly they mean as "invoice" price - they often exclude things like delivery charges

3) If you are buying on secured credit then also check if they also cover financial shortfall too

forgotmyname

Yeah £299 gap insurance sounds very expensive. You could at least half that figure by getting it elsewhere. Maybe less.