Insurance GAP Insurance ?

RichRob · 4th January 2007, 00:40

I just wondered what peoples views where on this GAP insurance ? I know that any insurance is based on the risk factor ! But I would like to know if many people thought it was worth paying the premium and what the uptake was and wether people took the Honder dealers insurance or got there own ?

DanKo · 4th January 2007, 00:48

Get it(Y), It will be worth it.

Right, say your car is £15

Basically if you right off your car/ serious damage etc... your insurance will give you say? £9000 back, but with the Honda gap insurance, Honda will pay out the difference for you, so they will give you the £6000 to make up the value of the car when you got it.

Bog · 4th January 2007, 07:48

I agree, get it - but don't go for the Honda policy, it's overpriced (probably to pay for the sales person's commision!) and offers few benefits.

Try searching on line, there are plenty of companies offering better cover. I went with http://www.click4gap.com after reading a very good reveiw in the paper. With them you can adjust the level of cover or even get a replacement vehicle policy.

Hope this helps.

M88RKE · 4th January 2007, 08:13

Just about to take deluivery of a 2.2 sport and whilst in the showroom was given the 'patter' about GAP insurance (apparently its a legal obligation for them to inform you??).

Anyway having done some homework it would seem to be a 'must have'...

Hondas version is overpriced (remember its underwritten by an insurance Co anyway) but this is very competitive..

http://www.gapmyinsurance.co.uk

allan40alt · 4th January 2007, 09:39

Have a look at this previous posting.

Gap Insurance

basegreen · 4th January 2007, 11:35

Civinfo gets a small bonus from click4gap, which helps pay for the site.

Click one of the ads in the buyers forum to take a look.

RichRob · 4th January 2007, 19:35

Thanks for your comments.

I will certainly shop arround.

sik2k · 8th January 2007, 13:55

I had gap insurance with my Type R in 2003 which I purchased woth the car. Six months before it was up I had my car stolen and I was actually rather unclear as to what to expect from the Gap.

This particular policy stated that it would give me the value of a replacement vehicle. Rather fortuitously, I actually *made* money out of it as the only replacement vehicles were the higher specced ones and that it was paid out upon.

The Gap didn't pay out cash but gave me a mandate to authorise payment for a new car at the dealer I purchased the vehicle from. I put the money down as a deposit on a new Type R which will hopefully arrive in March.

I am not sure what would have happened if the dealer had gone bust - I'd assume they would have had to give me cash.

I have purchased another Gap policy (again the one the dealer offered)with my new car. If I have a claim this time then I only get the difference up to the invoice price of the car I purchased and not the cost of a replacement.

smb09_1999 · 20th February 2007, 07:27

Can you only buy gap insurance with a new car. I'm looking to buy a 1 year old Civic and this gap insurance sounds like a must have?

Frosty · 20th February 2007, 07:40

No, you can get GAP insurance for second had cars and yes, as said before it is a must have.

TTDegs · 20th February 2007, 16:58

dunno if I'd go as far as 'must have' - it's an insurance policy at the end of the day.
If you don't think you'll ever need it, then it's your choice

However, I personally would recommend thinking long and hard about it - it's not a great deal of money for the premium, and it could save you a lot of money if you ever have a total loss claim...

to (miss) quote "Are you feeling lucky?"

Type S Bournemouth · 20th February 2007, 17:12

with the kind of luck i get its almost a must have for me!!!!

Blueberry · 24th March 2007, 18:06

Intersted in getting GAP insurance but wondered if you had to pay the premium as a one off payment or whether you can pay monthly (like normal car insurance, etc)?

4th January 2007, 00:40	#1 (permalink)
RichRob Valve Cap Join Date: 26th December 2006 Location: Lancashire Posts: 28 Thanks: 0 Thanked 0 Times in 0 Posts	GAP Insurance ? I just wondered what peoples views where on this GAP insurance ? I know that any insurance is based on the risk factor ! But I would like to know if many people thought it was worth paying the premium and what the uptake was and wether people took the Honder dealers insurance or got there own ?

4th January 2007, 08:13	#4 (permalink)
M88RKE Valve Cap Join Date: 3rd January 2007 Posts: 29 Thanks: 0 Thanked 0 Times in 0 Posts	Competitive Just about to take deluivery of a 2.2 sport and whilst in the showroom was given the 'patter' about GAP insurance (apparently its a legal obligation for them to inform you??). Anyway having done some homework it would seem to be a 'must have'... Hondas version is overpriced (remember its underwritten by an insurance Co anyway) but this is very competitive.. http://www.gapmyinsurance.co.uk

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This thread is about: GAP Insurance ?, it's in Buying, Dealers and Servicing at the Honda Civic forum Civinfo; I just wondered what peoples views where on this GAP insurance ? I know that any insurance is based on the risk factor ! But ...

4th January 2007, 00:48	#2 (permalink)
DanKo Magic Rear Seat Join Date: 7th August 2006 Location: Midlands Posts: 541 Thanks: 0 Thanked 0 Times in 0 Posts	Get it(Y), It will be worth it. Right, say your car is £15 Basically if you right off your car/ serious damage etc... your insurance will give you say? £9000 back, but with the Honda gap insurance, Honda will pay out the difference for you, so they will give you the £6000 to make up the value of the car when you got it.

4th January 2007, 07:48	#3 (permalink)
Bog Supporter Magic Rear Seat Join Date: 5th October 2006 Location: Romford, Essex Posts: 890 Thanks: 0 Thanked 1 Time in 1 Post	I agree, get it - but don't go for the Honda policy, it's overpriced (probably to pay for the sales person's commision!) and offers few benefits. Try searching on line, there are plenty of companies offering better cover. I went with http://www.click4gap.com after reading a very good reveiw in the paper. With them you can adjust the level of cover or even get a replacement vehicle policy. Hope this helps.

4th January 2007, 09:39	#5 (permalink)
allan40alt Supporter Civinfo guru Join Date: 6th August 2006 Location: Rugby, Warwickshire. Posts: 2,227 Thanks: 12 Thanked 33 Times in 31 Posts	Have a look at this previous posting. Gap Insurance

4th January 2007, 11:35	#6 (permalink)
basegreen Super Moderator Civinfo guru Join Date: 15th April 2006 Location: noitacoL Posts: 2,869 Thanks: 0 Thanked 2 Times in 2 Posts	Civinfo gets a small bonus from click4gap, which helps pay for the site. Click one of the ads in the buyers forum to take a look.

4th January 2007, 19:35	#7 (permalink)
RichRob Valve Cap Join Date: 26th December 2006 Location: Lancashire Posts: 28 Thanks: 0 Thanked 0 Times in 0 Posts	Thanks for your comments. I will certainly shop arround.

8th January 2007, 13:55	#8 (permalink)
sik2k Locking Wheelnut Join Date: 7th January 2007 Location: Midlands Posts: 104 Thanks: 0 Thanked 0 Times in 0 Posts	I had gap insurance with my Type R in 2003 which I purchased woth the car. Six months before it was up I had my car stolen and I was actually rather unclear as to what to expect from the Gap. This particular policy stated that it would give me the value of a replacement vehicle. Rather fortuitously, I actually made money out of it as the only replacement vehicles were the higher specced ones and that it was paid out upon. The Gap didn't pay out cash but gave me a mandate to authorise payment for a new car at the dealer I purchased the vehicle from. I put the money down as a deposit on a new Type R which will hopefully arrive in March. I am not sure what would have happened if the dealer had gone bust - I'd assume they would have had to give me cash. I have purchased another Gap policy (again the one the dealer offered)with my new car. If I have a claim this time then I only get the difference up to the invoice price of the car I purchased and not the cost of a replacement.

20th February 2007, 07:27	#9 (permalink)
smb09_1999 Nneeaawwwwwwww Triangular Exhaust Join Date: 15th February 2007 Location: North East Posts: 368 Thanks: 0 Thanked 0 Times in 0 Posts	Can you only buy gap insurance with a new car. I'm looking to buy a 1 year old Civic and this gap insurance sounds like a must have?

20th February 2007, 07:40	#10 (permalink)
Frosty Valve Cap Join Date: 19th January 2007 Posts: 33 Thanks: 0 Thanked 0 Times in 0 Posts	No, you can get GAP insurance for second had cars and yes, as said before it is a must have.

20th February 2007, 16:58	#11 (permalink)
TTDegs Super Moderator Civinfo master Join Date: 4th August 2006 Location: Cardiff Posts: 5,638 Thanks: 0 Thanked 1 Time in 1 Post	dunno if I'd go as far as 'must have' - it's an insurance policy at the end of the day. If you don't think you'll ever need it, then it's your choice However, I personally would recommend thinking long and hard about it - it's not a great deal of money for the premium, and it could save you a lot of money if you ever have a total loss claim... to (miss) quote "Are you feeling lucky?"

20th February 2007, 17:12	#12 (permalink)
Type S Bournemouth Supporter Magic Rear Seat Join Date: 3rd October 2006 Location: Bournemouth Posts: 968 Thanks: 0 Thanked 0 Times in 0 Posts	with the kind of luck i get its almost a must have for me!!!!

24th March 2007, 18:06	#13 (permalink)
Blueberry Valve Cap Join Date: 8th December 2006 Location: Cottingham, Nr Hull East Yorkshire Posts: 12 Thanks: 0 Thanked 0 Times in 0 Posts	Intersted in getting GAP insurance but wondered if you had to pay the premium as a one off payment or whether you can pay monthly (like normal car insurance, etc)?