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
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/
All the best,
Freddiegas
'Ugly Betty the Ginger Fun Bus' what a great name, sounds like a good movie title!!
We've just insured our 08 D3, and had the same tooing and froing. Sureteam wouldn't quote at all, LR quoted £580, various run of the mill insurers came back aound the £300 mark. In the end off advice from the forum, we ended up with Adrian Flux. £510 for business use and off road cover.
We also took advantage of the LR 7 day free cover, why not hey.
I tried to get agreed value insurance, but as she is still so new they wouldn't allow me to. 5-10 years and it might be possible. They seemed to understand what the G4 vehicles were about and did not need photos, but asked for a general list of modifications.
We eventually decided to get gap insurance too. The dealer had tried to sell us cover, but we declined and looked into it our selves. Saved £100 or so.
What are your opinions of gap insurance??
Good luck with the insurance hunt
Cheers
When I bought my 2009 G4 Disco I was offered 1 weeks free insurance from Land Rover Insurance(they faxed through a cover note so I could get it taxed and drive away from the dealer within a half an hour too). I had a quote from MORE THAN who originally insured my Disco 2 which was £480... LR Insurance charged me £370 fully comp and protected (£450 compulsory excess though...).
Guess who got my business! They knew what the vehicle was too ;-)
Vic
BL57 TWY
UK PR & Belgium PR Vehicle Originally BL57 TWY, ex Belgium Trials Vehicle
'Never eat anything bigger than your head!'