 | Home > Finance & Insurance > Gap Insurance?? |
 
|
|
|
| RobKeay Member Since: 19 Jul 2009 Location: Stafford Posts: 1567   
|
Is it a brand new vehicle you are buying. If so many insurance companies offer new for old for the first one or two years.
On a defender they don't lose much money and the sad fact is you won't get another new one. So you'll be looking at second hand ones if the worst happens. I felt it was a lot of money and being vat registered it wasn't worth it for me, |
||
25th Feb 2015 7:15pm |
|
| Rudski Member Since: 13 Jul 2014 Location: Lake District Posts: 130 |
Clemmo
I got mine through MHC finance on the RRS forum, they are site sponsors. I got 4 years for the price of three can't remember how much I paid now though. But it was he'll of a lot cheaper than any main dealer. 
That was for my sport that I had at the time, and you've just reminded me I need to change it for the defender.  |
||
|
25th Feb 2015 7:15pm |
|
| camelman Member Since: 27 Feb 2013 Location: Peak District Posts: 3321
|
if you insure with NFU it's included for the first 2 years from new
  |
||
|
25th Feb 2015 7:24pm |
|
| couplands Member Since: 31 Aug 2011 Location: Peak District & Cornwall Posts: 1826 
|
^^^^ +1 for NFU, covers new for old for the first 2 years. You can then buy an after-market GAP product if you feel you need it for the 3rd + years
Its a massive margin spinner for the dealers, hence why they offer it. Along with super-duper paint protection for a few hundreds while its much better to do your own detailing. cheers simon |
||
|
25th Feb 2015 7:34pm |
|
| josefk Member Since: 09 Jun 2014 Location: lincolnshire Posts: 113 
|
Hi Clemmo,
And if you do want GAP insurance over the top of your regular insurance for whatever reason also look at GAP insurance provided by Autotrader; waaaaay cheaper the LR Cheers |
||
|
25th Feb 2015 7:35pm |
|
| Clemmo Member Since: 03 Aug 2012 Location: Mile Oak Posts: 1191  
|
Yes..its a new vehicle.
Thanks for the advice..need to change my Insurance so Ill look into it.. Clemmo Make today a little better than yesterday but not so good as tomorrow.... Defender 90 HT............Pangea Green BMW X3 Msport............Carbon Black Mini Electric................Grey. (wow!) MGB Roadster……..........Vermillion Honda Benly CD200....Maroon ------------- Chausson 98.........7.5m of fun |
||
|
25th Feb 2015 7:53pm |
|
| NickH Member Since: 02 Nov 2014 Location: Halifax Posts: 204 
|
Check the small print of any insurance that is supposed to include GAP.
When I worked at the main stealers a friend of mine bought a new 90 from us. The day after he collected it he was towing a trailer up the A1 and totalled the 90. He bought it on finance , the screen price was £20000, total finance payable was £27000. The car insurance he had was supposed to include GAP......it did but only for £3000. So he had to find the £4000 deficit and a deposit for another 90. OUCH 
Personally I would get a dedicated GAP policy. 2003 Td5 90 2013 sport hse 2012 700 raptor quad 2012 siromer 4x4 tractor |
||
|
25th Feb 2015 8:06pm |
|
| IanLex Member Since: 25 Jan 2015 Location: South East Posts: 8
|
Shop around. As I found when buying my Evoque, the Land Rover dealer offer for GAP insurance was not particularly competitive. It can be purchased elsewhere after you have picked the car up (upto 6 months later I think)
£700 seems steep, I paid I think £350 - perhaps less car value, but doubt the Defender was twice the price. |
||
|
25th Feb 2015 8:22pm |
|
| Fullfat Member Since: 30 Apr 2014 Location: Lincolnshire. Posts: 271 
|
Mine was £350 via main dealer on a new 110.
That seems a lot, another dealer I dealt with also offered it for £400 . |
||
|
25th Feb 2015 8:25pm |
|
| SGH Member Since: 27 Sep 2010 Location: Hellingly-Sussex Posts: 1527
|
NFU for me too included in policy for 2 years
993 Varioram - Guards Red
Defender 2.5 300TDI 110 HCP - Keswick Green Defender 2.2 TDCI 130 HCP - Orkney Grey - GONE Discovery 4 SDV6 HSE LUX - Corris Grey/Black Pack - GONE Discovery 4 SDV6 HSE LUX - Montaciano Red/Black Pack - GONE |
||
|
25th Feb 2015 8:33pm |
|
| bob neville Member Since: 30 Apr 2009 Location: Marbella Posts: 3247  
|
Did a lot of research on this subject when we purchased the Porsche.
In the end this lot worked out to be the best but please check as it was a couple of years ago. https://www.directgap.co.uk/?gclid=CNOw3f7q_cMCFeoSwwodZggA0A Bob 2015 Jaguar XE240 R Sport - goes like ....... !! 2013 Defender 90 CSW - sold 2009 Defender 110 Double Cab - sold 2001 TD5 90 CSW - offroad project - sold to a forum member 2011 Porsche Boxster - for the sunny days ! |
||
|
25th Feb 2015 8:35pm |
|
| Clemmo Member Since: 03 Aug 2012 Location: Mile Oak Posts: 1191
|
Thanks...great ideas there.
I've just spoke with NFU and for sure its is correct they will give you Invoice value for the first 2 years in the event of total loss.The Insurance seems a little more pricey ( than Adrian Flux) but the policy looks very solid. Seems a no brainer TBH?? Any experiences with NFU? Clemmo Make today a little better than yesterday but not so good as tomorrow.... Defender 90 HT............Pangea Green BMW X3 Msport............Carbon Black Mini Electric................Grey. (wow!) MGB Roadster……..........Vermillion Honda Benly CD200....Maroon ------------- Chausson 98.........7.5m of fun |
||
|
25th Feb 2015 8:52pm |
|
| RobKeay Member Since: 19 Jul 2009 Location: Stafford Posts: 1567
|
I am with Nfu. They are more expensive but the policy includes everything I need and the three trailers. I have no problems with them, asked about winch no increase in policy. So yes more expensive but includes a lot. It was the invoice thing that sealed the deal for me. Also no problems with insuring me for 25k miles a year.
|
||
|
25th Feb 2015 9:17pm |
|
| bob neville Member Since: 30 Apr 2009 Location: Marbella Posts: 3247
|
I switched to NFU a couple of years back as I was fed up with Flux increasing my insurance every year by an exorbitant amount.
NFU were far cheaper, did a good deal when I purchased the TD5 (double policy), two year full replacement cost when I switched from the DC to a new 90 and they don't increase my premium by silly money every year. I am sure others will give you tales of doom and gloom about NFU but my experience with them has only positive. Bob 2015 Jaguar XE240 R Sport - goes like ....... !! 2013 Defender 90 CSW - sold 2009 Defender 110 Double Cab - sold 2001 TD5 90 CSW - offroad project - sold to a forum member 2011 Porsche Boxster - for the sunny days ! |
||
|
25th Feb 2015 9:23pm |
|
|
|
| All times are GMT + 1 Hour |
< Previous Topic | Next Topic > |
Posting Rules
|
Site Copyright © 2006-2024 Futuranet Ltd & Martin Lewis
