Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations?

Honest John Back Room » Motoring discussion
View Threaded
Mon 30 May 2011 16:06
Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations? - Buxton

I'd like to know if anyone has any feedback on third party Gap Insurance firms? I am interested in taking out Gap Insurance as I am buying a new car at the VAT off price through a broker, and since the order it's value has risen by £1135 to replace. The companies i'm considering at the moment are Surf and Protect and car2cover.co.uk. I'm looking for an underwritten replacement cover scheme from a reputable broker, does anyone have any experiences or recommendations?

Edited by Buxton on 30/05/2011 at 16:08

Reply | Report as offensive | Link
Tue 31 May 2011 07:45
Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations? - LucyBC

Beware buying through the dealer as they get paid very high commissions and these are reflected in the price. Car2cover offer more options than most providers.

You might also look at Quota Marketing gap.quotamarketing.co.uk/ and Easygap easygap.co.uk/ both of which are normally competitive on price.

Most of the offers are fairly similar so it is a commodoty purchase and you should be shopping around and buying on price.

Reply | Report as offensive | Link
Tue 31 May 2011 10:26
Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations? - bintang

"Beware buying through the dealer as they get paid very high commissions and these are reflected in the price."

Quite. I got a big saving, compared with the dealer quote, for a return-to- invoice deal. Unfortunately the insurer, Hitachi Capital, no longer does this kind of business but outstanding policies have been taken over by another outfit.

However, do you really need it? (I concluded, too late, that I did not, having previously owned 25 cars without the problem arising.) And have you investigated the procedure for making a claim and the experience of others in making one? I have not, but, as there is some kind of trade-off involved between the Gap insurer and your non-Gap insurer, I can see the possibility of endless squabbles - it's what insurers do.

Reply | Report as offensive | Link
Tue 31 May 2011 14:11
Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations? - focusman

hi

my son had his civic type r car jacked after 2.5 years ownership. luckily he had taken out gap insurance with honda (ok probably paid over the odds should have gone 3rd party ins co) but he got his money (return to invoice price) no trouble.

so if your car is the type which might be tempting to others or just in case it is wrote off well worth the expence. remember the cost is a one off for a 3 year period usually.

Reply | Report as offensive | Link
Tue 31 May 2011 15:19
Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations? - LucyBC

It is definitely worth having if you buy a car on finance as the insurer will only return the book value whereas the loan settlement figure is likely to be signinficantly more, particularly in year one. I have had a case where a person (involved in the motor trade) was faced with a demand for an £8000 shortfall payable in 14 days because of the gap between the figures.

Reply | Report as offensive | Link
Tue 31 May 2011 23:24
Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations? - Buxton

It is definitely worth having if you buy a car on finance as the insurer will only return the book value whereas the loan settlement figure is likely to be signinficantly more, particularly in year one. I have had a case where a person (involved in the motor trade) was faced with a demand for an £8000 shortfall payable in 14 days because of the gap between the figures. - I will be taking out half of the cost on finance which is another reason I am interested in the policy. I was curious why the 'big' companies didn't seem to be more involved with it though? I would rather have taken out the insurance from Aviva or Barclays for instance than a smaller underwritten company but they seem to be out of the market at the moment.

Reply | Report as offensive | Link
Tue 31 May 2011 16:32
Skoda Fabia vRS Estate Mk2 - Gap Insurance Recommendations? - bonzo dog

but, as there is some kind of trade-off involved between the Gap insurer and your non-Gap insurer, I can see the possibility of endless squabbles

Extremely rare, as the Gap polices are invariabley very explicit in what they do

it's what insurers do.

So, no they do not, you are incorrect.

Reply | Report as offensive | Link

From which small car to buy at which price point to the best UK-built cars, our Top 10s have the lot. Click now for your shortlist.

Unsure of what to buy? Our Top 10s are here to help you....