Insurance advice

Author	Message
Freddiegas	Freddiegas posted 16 Years Ago Post Details
Group: Forum Member Posts: 13, Visits: 42	Many thanks to everyone for your swift responses and sound advice. I've managed to get a reasonably-priced policy arranged by Adrian Flux with Sun Alliance and a written confirmation that all the modifications are covered. Hope to collect the car tomorrow so keep your eyes peeled for Ugly Betty on the mean streets of south east London. All the best, Freddiegas
	Reply Like 23
TJ101	TJ101 posted 16 Years Ago Post Details
Group: Forum Member Posts: 730, Visits: 2.6K	Erasmus (4/16/2009) gap insurance? Mark or is that Mars :) Gap insurance is to cover the difference of the amount of the payout, and the amount owning on the vehicle, in case of a total loss,, IE, if they pay out the valve of the car, @ say £30k,, and you owe £35 on it, Gap insurance cover the £5K short fall Regards Tim Temporary G4 less :( 15 110 TDCi XS, 90 V8 Hybrid, RR Vogue SE :) Gone 06 RRS G4 (BV55 YZN), 08 D3 G4 TDV6 (BD08 VTG) http://www.wessex4x4response.org.uk/
	Reply Like 22
Erasmus	E Erasmus posted 16 Years Ago Post Details
E Group: G4 Member Posts: 589, Visits: 3.6K	Ah, I understand., makes sense now. Thanks Tim. Mark S. Founding committee member ====================== G4 Discovery II V8iES 2003 Event - South African Film vehicle Fleet number G4SAF07/Vehicle Number 87 Photo Gallery
	Reply Like 17
Mark & Melanie	Mark & Melanie posted 16 Years Ago Post Details
Group: Forum Member Posts: 104, Visits: 1.3K	Landrover invoice gap is better if you are paying for that type. you get the difference from the purchase price to the insurance payout back from the invoice gap policy.... it's great if you do high mileage as your car is relatively worthless at the end of the policy so if you are unfortunate enough to have it wrote off just before it expires you get your involve price back.... I've not been that lucky yet but one of my mates was...
	Reply Like 21
Kisangani	Kisangani posted 16 Years Ago Post Details
Group: G4 Member Posts: 253, Visits: 2.9K	Hi Mark, I missed your query on gap ins., my apologies, but it has been well defined by Mark and Melanie. There are numerous types of GI. I took the back to invoice type cover. The other alternative was retail value GI but this takes a glasses guide valuation of the vehicle when bought new, then allows for depreciation to the point of your purchase. Very similar to invoice GI, but would not cover all the modifications on the G4 vehicles. As Tim explained mostly GI is taken out for covering shortfalls to cover finance and credit agreements in the event of write off. If anyone is interested I paid £280 for four years cover with a max. gap value of £28,000 with unlimited mileage. As a one off I felt it a reasonable price to pay, although I'm still of the mind its insurance for insurance sake!!?? cheers Rich 2008 G4 D3 TDV6 BG08 VGY Team SA colours
	Reply Like 20