Any of you lot bought Gap insurance?
10-20-2008, 03:51 AM
#21
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I bought GAP on the S, and used it when it was written off.
I'm glad I had it as it saved me a few k, but the months of stress trying to get them to actually pay out was a nightmare. I couldn't buy a new car until they paid out (couldn't afford it), the insurance cmpany wanted their courtesy car back, but the GAP insurers wouldn't agree with the valuation from the insurer (from Glasses) and would have left me with a shortfall.
They kept losing paperwork, losing phone calls etc. etc.
I would never use that company again, but I would get GAP if I bought a new car. Just shop around on the web and buy from someone except the one the dealer uses.
I'm glad I had it as it saved me a few k, but the months of stress trying to get them to actually pay out was a nightmare. I couldn't buy a new car until they paid out (couldn't afford it), the insurance cmpany wanted their courtesy car back, but the GAP insurers wouldn't agree with the valuation from the insurer (from Glasses) and would have left me with a shortfall.
They kept losing paperwork, losing phone calls etc. etc.
I would never use that company again, but I would get GAP if I bought a new car. Just shop around on the web and buy from someone except the one the dealer uses.
10-20-2008, 04:05 AM
#22
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Thanks all.
It wasn't these was it Jo?
http://www.click4gap.co.uk/sec.asp
They seem cheap but cheap is not always best with such products. I would prefer fair priced but a good service should I need it.
It wasn't these was it Jo?
http://www.click4gap.co.uk/sec.asp
They seem cheap but cheap is not always best with such products. I would prefer fair priced but a good service should I need it.
10-20-2008, 11:21 AM
#23
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My thought process went along the lines of...
This is a powerful RWD car, I live in an area with narrow twisty, country roads, has a lot of tourists who aren't always paying a great deal of attention.
I don't have a lot of experience driving RWD cars with this power to weight ratio.
It would be an attractive target for theft/criminal damage and depreciation would leave me out of pocket on the insurance.
It seemed like a reasonable price to cover the risk.
This is a powerful RWD car, I live in an area with narrow twisty, country roads, has a lot of tourists who aren't always paying a great deal of attention.
I don't have a lot of experience driving RWD cars with this power to weight ratio.
It would be an attractive target for theft/criminal damage and depreciation would leave me out of pocket on the insurance.
It seemed like a reasonable price to cover the risk.
10-20-2008, 12:05 PM
#25
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Originally Posted by Moggy,Oct 20 2008, 07:54 PM
If you don't have finance on the car how does it leave you out of pocket 
That's my concept or is that completely off the wall?
10-20-2008, 09:41 PM
#27
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I understand what you mean but this gets you a new car in the first 3 years, not an equiv. It's almost an incentive to wrap it around a tree 
on the 3rd year.
on the 3rd year.
10-21-2008, 12:22 AM
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[QUOTE=Moggy,Oct 20 2008, 09:12 PM] You get the market value for the car. You replace the car with an equivalent one of equal value.
If you only manage to get
If you only manage to get
