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GAP Insurance

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Old 03-06-2006, 01:46 AM
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Default GAP Insurance

I have GAP Insurance on my S2000, cost about
Old 03-06-2006, 04:43 AM
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According to Norton Way in Letchworth it can't be transferred and it cant be cancelled and the balance got back! bummer
Old 03-06-2006, 04:57 AM
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Can't be transferred
Old 03-06-2006, 07:35 AM
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What is GAP insurance?
Old 03-06-2006, 09:16 AM
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There are a couple of different types basically it pays the difference between the insurance value of your car in a write off and the amount still owing on the finance.

The better version pays the difference between the assesed insurance value of the car and the original cost, that's the one I have.
Old 03-06-2006, 09:23 AM
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Go crash the car, you'll get your money back then.
Old 03-06-2006, 10:47 AM
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Cheers Jim.

I've always wondered if there is such a thing as (as I would call it) "F*ck Up Insurance". It would cover you for big jobs of work on a car (like 1k suspension bills etc), like the insurance you get for the plumbing in your house, or operations for your dog.

Is there such a thing as "F*ck Up Insurance"?
Old 03-06-2006, 11:24 AM
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I thought that was called a "Warranty" it comes with new and nearly new cars (sorry Gaz )
Old 03-06-2006, 11:28 AM
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I don't think puppies come with a warranty though, oss!

BB, no, I doubt very much you can get the kind of cover you're talking about. Just too actuarially difficult to assess the risk and set a premium, I'd have thought. You have to cover each of the risks you mentioned separately.
Old 03-06-2006, 11:38 AM
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Originally Posted by Lurking Lawyer,Mar 6 2006, 08:28 PM
I don't think puppies come with a warranty though, oss!
I just thought I would concentrate on the car side of it

After all the actuaries do provide risk assesments for puppies and plumbing already.


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