Ewan

Hi all

I picked up my ex-demo 05 Moon Rock GT the other week (and it's going very well - tho' felt a bit under powered whilst I relearn how to drive high up the rev band ). As usual, the dealer tried to saddle me with their own finance (no thanks), Supaguard (no thanks) etc, and something I've not come across before - Return to Invoice protection.

For the uninitiated, it's basically an insurance policy which will guarantee to cover the difference, in the event of a "total loss" of the car, between the valuation the insurance company pays out against and the price I paid for the car.

eg. Buy car for

Lurking Lawyer

Dreamer's car was totalled recently and she is in the process of trying to make a claim under her policy, which sounds like it is the same as this. By all accounts, she's having a nightmare with it.

There's a thread about it somewhere on the first 3-4 pages of the main UK board. It's probably easier to do a trawl through them rather than wrestle with the search engine....

simonprelude

Usually referred to as gap insurance

ade73

Heinz '57

Dealer tried to sell me this (gap insurance) when I bought mine last month. Told him if he wanted the deal he could throw it in for nothing.........he did

billybiker

I bought it with my new car-it was 375 for 3 years and as my ordinary insurance is less than

mikey k

Is this not slightly different to GAP insurance.
This is giving you invoice value of the car IE new list price even though it is not worth that much due to depreciation.
IIRC GAP insurance only covers the difference between write off value and depreciated current market value.
Maybe I'm reading it wrong

billybiker

I believe gap insurance pays for the value of the car you buy. For me thats a new one.

Yes just checked and thats what it says on the policy.

Ewan

[QUOTE=billybiker,Sep 15 2005, 02:37 PM]I believe gap insurance pays for the value of the car you buy.

mikey k

that's my understanding