Gap Insurance - Any Advise?

[essex_uk]

We're picking up our SE-L next week and I've been looking around for GAP Insurance and advise?

[Sleepypete (FB)]

After a little headscratching, I went for the GAP insurance for a couple of reasons :

The CT is the biggest non-house investment I've made;

You can't guarantee that some other muppet on the road won't be the cause of an accident

But maybe my head was already spinning from that big investment thing

[tonyricha]

Most decent insurance companies will replace a total loss car under 12 months of age with a brand new one as a matter of policy, best check your policy before signing up!

[Wass]

Most decent insurance companies will replace a total loss car under 12 months of age with a brand new one as a matter of policy, best check your policy before signing up!

I agree which is why I didnt bother with GAP insurance. Also, if the other driver is to blame, your instant legal insurance ( which you insurance company can apply for retrospectively as I found out recently) will claim for the GAP as an out of pocket expense and so you only need GAP insurance for accidents which are no blame or self inflicted.

[dave1]

My advice would be that if you do buy it don't buy from the dealer. When I purchased my GS430 (which wasn't new) I paid £112 for 3 yrs return to invoice cover. £112 covered any shortfall up to £15k. There are quite a few reputable suppliers of GAP insurance at very competitive prices.