MK5 Golf GTI

All Things Mk5 => Mk5 General Area => Topic started by: timmo678 on March 08, 2016, 03:08:52 pm

Title: GAP Insurance - yay or nay?
Post by: timmo678 on March 08, 2016, 03:08:52 pm: Hello all,

First time poster but I am a browser for my shadow blue mk5 GTi...anyway I have just bought a brand new R line Passat for the good lady and kids...what is the general thoughts of GAP insurance, cosmetic insurance and wheel & tyre cover.

I'm 99% sure I will ignore the cosmetic insurance and then the wheel/tyre cover but not sure either way on the GAP, it is £450 so a bit expensive for a no brainer!

Many thanks in advance
Title: Re: GAP Insurance - yay or nay?
Post by: rich83 on March 08, 2016, 06:48:19 pm: No brainer IMO.... on an expensive new car.
Title: Re: GAP Insurance - yay or nay?
Post by: K1NGY14 on March 08, 2016, 09:52:00 pm: A dealer offered me GAP insurance for around that amount. I did a bit of shopping around and got it for £100 and it covers the car for 4 years

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Title: Re: GAP Insurance - yay or nay?
Post by: Dan_FR on March 09, 2016, 07:23:36 am: As above, 100% worth it, but also 100% decline it from the dealer. If you're with a specialist insurer, most offer GAP insurance for a fraction of the price.
Title: Re: GAP Insurance - yay or nay?
Post by: glasgowdubber on March 09, 2016, 08:52:07 am: As said above, I previously worked for Audi £4/500 per policy, you can get the exact same thing online for a 1/4 of that.

If you can't afford to replace god forbid something happened, then take this. I honestly don't know how many people saying "I don't need that", any car, new or old, your losing money the minute you buy it, so for £100 odd quid it's a no brainer.
Title: Re: GAP Insurance - yay or nay?
Post by: timmo678 on March 09, 2016, 09:53:21 am: Thanks all, great advice! I'll find one on-line
Title: Re: GAP Insurance - yay or nay?
Post by: Eddie-NL on March 09, 2016, 11:01:56 am: If buying on finance or if the car will depreciate by a good bit in a short period, essential you have to cover yourself.
Title: Re: GAP Insurance - yay or nay?
Post by: PhilNUK on March 09, 2016, 01:02:51 pm: I didn't get it on a brand new motorbike and it got written off a month after getting it when someone went into the side of me. They only covered the value of it as second hand despite it having 200 miles on the clock and I was £1200 out of pocket straight away.

So yeah, a no brainer in my opinion
Title: Re: GAP Insurance - yay or nay?
Post by: timmo678 on March 09, 2016, 01:19:48 pm: Quote from: PhilNUK on March 09, 2016, 01:02:51 pm
I didn't get it on a brand new motorbike and it got written off a month after getting it when someone went into the side of me. They only covered the value of it as second hand despite it having 200 miles on the clock and I was £1200 out of pocket straight away.

So yeah, a no brainer in my opinion

Ouch, sorry to hear that! Have found a quote for £100 online so that now makes it a no-brainer
Title: Re: GAP Insurance - yay or nay? Any updates?
Post by: grey golfster on December 24, 2016, 10:51:19 am: Thought it best to refresh this rather than start a new thread?

V probably looking to lease soon.

Any updates/recommendations /avoids?
Title: Re: GAP Insurance - yay or nay?
Post by: andyy on December 24, 2016, 01:55:07 pm: ALA is well priced and they also price match and if someone else is cheaper they will do 10% off the difference and subtract it he off the matched price.
Title: Re: GAP Insurance - yay or nay?
Post by: Frodo-anni on December 24, 2016, 11:58:21 pm: There are also different types of GAP cover, ie return to invoice value etc... So check the terms!