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Dimplyred · 18th November 2007, 00:31

I just thought I'd share this. I picked my car up three weeks ago. At the time of collection the buisness manager at the dealers offered me Gap Insurance. I must admit I was quite interested but opted to go away and think about it. I was made to feel I was mad not to take it up there and then, but I do like to consider things of this nature at length so said I would get back in touch in a few days. At first the offer was 3 years for £300, I enquired about a one or two year policy, and was offered a two year policy for £250.

Luckily I contacted my current car insurers to swap cover from my old car to my CTR. I enquired about Gap Insurance from them, only to be told that New Car Cover was a standard feature of my policy and meant if my car was written off or stolen and not recovered, then within the first year it would be replaced with another new one. Exactly what the Gap Insurance being offered by the dealers was designed to do, albeit theirs was for two years not one. I was quite happy with my car insurers standard one year cover and decided to not take the Gap Insurance offered by the dealer.

So it may be worth checking with your car insurers before you make any decision about dealer offered Gap Insurance, it could save some money.

18th November 2007, 00:31	#1 (permalink)
Dimplyred Super Moderator Civinfo master Join Date: 24th August 2007 Location: Staffordshire Posts: 6,431 Thanks: 21 Thanked 256 Times in 249 Posts iTrader: (0)	Gap Insurance I just thought I'd share this. I picked my car up three weeks ago. At the time of collection the buisness manager at the dealers offered me Gap Insurance. I must admit I was quite interested but opted to go away and think about it. I was made to feel I was mad not to take it up there and then, but I do like to consider things of this nature at length so said I would get back in touch in a few days. At first the offer was 3 years for £300, I enquired about a one or two year policy, and was offered a two year policy for £250. Luckily I contacted my current car insurers to swap cover from my old car to my CTR. I enquired about Gap Insurance from them, only to be told that New Car Cover was a standard feature of my policy and meant if my car was written off or stolen and not recovered, then within the first year it would be replaced with another new one. Exactly what the Gap Insurance being offered by the dealers was designed to do, albeit theirs was for two years not one. I was quite happy with my car insurers standard one year cover and decided to not take the Gap Insurance offered by the dealer. So it may be worth checking with your car insurers before you make any decision about dealer offered Gap Insurance, it could save some money.