[Ss66]

Ok new f30 335d arrives next month after ordering it last week ,said no to sytners £800 asking price for there gap so was wondering which company is the best to go for guys

[SkyJawa]

Search

Theres been quite a few posts on GAP

[TheLiverBird]

Originally Posted by Ss66

Ok new f30 335d arrives next month after ordering it last week ,said no to sytners £800 asking price for there gap so was wondering which company is the best to go for guys

I've always used ALA - think the quote for 3yrs on my soon to be 435d was £270ish. Will be taking it out as soon as I have a confirmed delivery date. I've never had to use them to make a claim, but online reviews seem to be very positive and they're always seem to be very competitive.

[....,,,,..,,..]

As mentioned some very good threads on them, some decent prices available.

Also check what your insurance does for GAP, some do first year cover, just not always FULL vehicle replacement.

Go for the full 4 years (5 if available).

[JustChris]

Wow £800 that's taking the mickey for sure!!!

That's a big GAP!

[SkyJawa]

Originally Posted by M Car Chris

Wow £800 that's taking the mickey for sure!!!

That's a big GAP!

No one seriously considers paying that though do they? I used Sytners and it was a lot lot less than that although that was the original figure!!!

[jayakrishnanv]

Yes sytners gap insurance is £799 and guess what on the day of vehicle collection or before it will fall down to £199 for the basic return to invoice with lot of small prints.

[magic77]

got to say frank pickles and car replacement option is the one to go with

[JonD]

Originally Posted by magic77

got to say frank pickles and car replacement option is the one to go with

Almost identical price to ALA replacement plus+

Would need to asses the T&C's to see if both policy's are comparable

[73henny]

Originally Posted by Ss66

Ok new f30 335d arrives next month after ordering it last week

That's a quick delivery. Take it the car was already in production or had a slot?

[JustChris]

Originally Posted by SkyJawa

No one seriously considers paying that though do they? I used Sytners and it was a lot lot less than that although that was the original figure!!!

No I know, but its just a weird figure to quote.

[Mossquito]

Another vote for Frank Pickles from me.
Seemed a no-brainer when I priced it up.
About 265 quid for 4 years covering everything apart from me being pissed or drugged up in the case of an accident.
4 years and back to full invoice price of an exact replacement vehicle ( no discount) which was about 53k for my 435d gran coupe with the toys.
Imagine the scenario - car written off at three and a half years old, get a cheque for 50 odd grand, pay off the 20k balloon and start again!
I'm not wishing for this to happen though...

[dopper99]

Have been pleased with car2cover.

However, the proof is in the pudding for any GAP company and until you make a claim, you don't really know how good they are.

[Ss66]

Originally Posted by 73henny

That's a quick delivery. Take it the car was already in production or had a slot?

Yes they already had a build slot,went into production last Friday quite lucky as otherwise it would have been a May delivery

[nordberg]

Originally Posted by JonD

Almost identical price to ALA replacement plus+

Would need to asses the T&C's to see if both policy's are comparable

ALA's policy will not give you a cheque for the full value of the vehicle. Frank Pickles will....

[JonD]

Originally Posted by nordberg

ALA's policy will not give you a cheque for the full value of the vehicle. Frank Pickles will....

What do you mean? ALA will give to a cheque for the differance between your motor insurance policy payout upto the value to replace that vehcial with a new one.

[nordberg]

Originally Posted by JonD

What do you mean? ALA will give to a cheque for the differance between your motor insurance policy payout upto the value to replace that vehcial with a new one.

I have no idea what I meant as that reads like nonsense!

What I meant to say was....

Basically, unless they've changed their policy in the last couple of months, ALA will pay you directly on their RTI policy.

If you choose VRI, they will either source the new vehicle for you, or they will pay you directly. The fly in the ointment is that in, in this (VRI) scenario, they will only pay to the value of your invoice if you choose to be paid directly. This is precisely why I cancelled and went to Frank Pickles instead.

ALA and Frank Pickles use exactly the same underwriter. It transpired that ALA are owned by the same group who also own a prominent vehicle supply firm...hence their eagerness to source the replacement vehicle for you....

[sohail579]

I'm new to GAP insurance, as i understand its an addition to your normal insurance? not a replacement?

[JonD]

Originally Posted by nordberg

I have no idea what I meant as that reads like nonsense!

What I meant to say was....

Basically, unless they've changed their policy in the last couple of months, ALA will pay you directly on their RTI policy.

If you choose VRI, they will either source the new vehicle for you, or they will pay you directly. The fly in the ointment is that in, in this (VRI) scenario, they will only pay to the value of your invoice if you choose to be paid directly. This is precisely why I cancelled and went to Frank Pickles instead.

ALA and Frank Pickles use exactly the same underwriter. It transpired that ALA are owned by the same group who also own a prominent vehicle supply firm...hence their eagerness to source the replacement vehicle for you....

I thought it was me

I think there's your difference, RTI and replacement plus+ are to very different things.

ALA RTI is was it suggested, it'll paythe differance between your motor insurance pay out and WHAT you paid for the car, not what it will cost to replace.

Replacent plus+ pays the differance between your motor insurance pay out and what it will cost to replace with new, so e.g.

List when bought £50k, but assume you got a £10k discout so your invoice was £40k
Motor insurance pay out £30k
Cost of car to replace £55k (discount not available any longer)
ALA pay £25k, however if you choose not to replace the car they will only pay you to what you paid, £40k in this instance.

[toutski]

Originally Posted by JonD

I thought it was me

I think there's your difference, RTI and replacement plus+ are to very different things.

ALA RTI is was it suggested, it'll paythe differance between your motor insurance pay out and WHAT you paid for the car, not what it will cost to replace.

Replacent plus+ pays the differance between your motor insurance pay out and what it will cost to replace with new, so e.g.

List when bought £50k, but assume you got a £10k discout so your invoice was £40k
Motor insurance pay out £30k
Cost of car to replace £55k (discount not available any longer)
ALA pay £25k, however if you choose not to replace the car they will only pay you to what you paid, £40k in this instance.

So hypothetically speaking...

If I have the Replacement + policy, and I'm in the 35th month of a 36 month lease. Car worth £35k new and GFV is £15k. Car written off and insurance company give £15k, so GAP insurance pay £20k for a new car.

What do you do with the remaining lease? Take the new car and pay the GFV yourself? If your own car insurance covers the GFV then there isn't any point in the GAP.

Hope this makes sense.

Cheers.

[nordberg]

Originally Posted by JonD

I thought it was me

I think there's your difference, RTI and replacement plus+ are to very different things.

ALA RTI is was it suggested, it'll paythe differance between your motor insurance pay out and WHAT you paid for the car, not what it will cost to replace.

Replacent plus+ pays the differance between your motor insurance pay out and what it will cost to replace with new, so e.g.

List when bought £50k, but assume you got a £10k discout so your invoice was £40k
Motor insurance pay out £30k
Cost of car to replace £55k (discount not available any longer)
ALA pay £25k, however if you choose not to replace the car they will only pay you to what you paid, £40k in this instance.

Understand all that, but you're missing my point... On their Replacement+ policy, ALA either pay out (a cheque) to clear the outstanding finance shortfall OR they will supply you with the a like for like replacement.

With Frank Pickles in the same scenario, you can clear the outstanding finance shortfall, have them source a replacement car OR have them pay you the shortfall on what it would now cost for said replacement car.

So, using your analogy, your stolen car is now £55k (no discount) but you want to replace it with an Audi this time. With ALA you will have a cheque that covers the shortfall based on your invoice cost, whereas with Frank Pickles you will have a cheque that covers the shortfall based on the cost it would actually cost to replace that car (£55k). Two very different things....

It's all in the fine print. If in doubt, call them and put the scenario to them. I know what I'd rather have....

[JonD]

Originally Posted by toutski

So hypothetically speaking...

If I have the Replacement + policy, and I'm in the 35th month of a 36 month lease. Car worth £35k new and GFV is £15k. Car written off and insurance company give £15k, so GAP insurance pay £20k for a new car.

What do you do with the remaining lease? Take the new car and pay the GFV yourself? If your own car insurance covers the GFV then there isn't any point in the GAP.

Hope this makes sense.

Cheers.

You are assuming that the market value which your motor insurance policy will pay is the same or more than the GFV, in most cases it will be significantly less so you would be left to pay the short fall between your motor insurance pay out and the outstanding amount on finance.