Member Since: 01 Jan 2011
Location: Kent
Posts: 291
Gap Insurance Questions
Hi Guys,
I'm about to take delivery of a brand new D4 HSE. I'm planning to keep it several years and I'm considering gap insurance, but I've got a few questions:
1. Gap insurance value: lots of policies ask you to specify a maximum payout value. What should I estimate as book value for a 4 year old D4?
2. Restrictions on use: do gap insurers restrict what you do in your vehicle? i.e. off-road use ok?
Is there anything else I need to consider? Any recommended providers?
Thanks!D4 HSE, Active Rear Diff, surround cameras, adaptive xenons, heated steering wheel, TPMS, remote park heating, centre console cooler box
Club MT/R
Club RLD spare wheel protector
Club Sump plate & tree slider
Club Blackvue HD
9th Nov 2011 8:26 pm
bigcarpchaser
Member Since: 13 Oct 2007
Location: Camberley
Posts: 2270
Don't pay what they quote you at LR. You should be able to beat them down at least 50%.Welcome "Lola"
9th Nov 2011 8:29 pm
row_perfect
Member Since: 01 Jan 2011
Location: Kent
Posts: 291
Yes, was definitely not planning on paying a huge kickback to a dealer!D4 HSE, Active Rear Diff, surround cameras, adaptive xenons, heated steering wheel, TPMS, remote park heating, centre console cooler box
Club MT/R
Club RLD spare wheel protector
Club Sump plate & tree slider
Club Blackvue HD
9th Nov 2011 8:30 pm
euangibson
Member Since: 24 Dec 2010
Location: Borders
Posts: 11027
I read on here recently that kam100,one of the site sponsors was very competitive for gap insurance ?"Better to remain silent and be thought a fool,than to speak out and remove all doubt" ?.....what rubbish...
Locking rear E-diff
RLD spare wheel protector & sump guard
Extended roof rails
Series 111 mudflaps
Black side tubes,grill and vents
Timed climate remote
Hids4u interior lights
D4 Firenze my2012 HSE
D3 Java 2005 SE manual (sold,sadly,thanks for the memories)
1966 '88 Series 2a....still starts in the morning better than I do...
9th Nov 2011 8:38 pm
row_perfect
Member Since: 01 Jan 2011
Location: Kent
Posts: 291
Just looked at what I think is his site (gapinsuranceuk) and the T's & C's excludes a 'Vehicle which has been modified in any way from the manufacturer's specification'. That seems a bit crazy - add a Blackvue or sump plate... but later it does say any modifications will be excluded from the purchase price for valuation. I'll send him a pm to ask for clarification.
I also looked at gap2go, but they exclude 'Vehicles used for ... off-road use...' so they are off the list (despite being very very cheap).D4 HSE, Active Rear Diff, surround cameras, adaptive xenons, heated steering wheel, TPMS, remote park heating, centre console cooler box
Club MT/R
Club RLD spare wheel protector
Club Sump plate & tree slider
Club Blackvue HD
9th Nov 2011 8:47 pm
GLYNNE
Member Since: 06 Oct 2006
Location: KENT
Posts: 4655
When are you getting it then
Is it your turn to organise the meet
9th Nov 2011 9:21 pm
row_perfect
Member Since: 01 Jan 2011
Location: Kent
Posts: 291
Due at dealers by 17th, they have to do PDI and deliver to the broker, surely the time scale is now finite!
Do you reckon anyone is up for a meet this side of Christmas?D4 HSE, Active Rear Diff, surround cameras, adaptive xenons, heated steering wheel, TPMS, remote park heating, centre console cooler box
Club MT/R
Club RLD spare wheel protector
Club Sump plate & tree slider
Club Blackvue HD
9th Nov 2011 9:35 pm
GLYNNE
Member Since: 06 Oct 2006
Location: KENT
Posts: 4655
Good news, I bet you can't wait
Put up a thread and see what interest there is
9th Nov 2011 10:32 pm
Russell
Member Since: 24 Aug 2007
Location: Kent
Posts: 10564
I would be if I am not working this time, would be nice if I had my new one by then as well. Where would you go for the meet?MY17 D5 1st Edition Namib Orange
MY15 D4 HSE Kaikoura Stone
MY12 D4 HSE Nara Bronze Sold and gone
MY11 D4 HSE Stornaway Grey Sold and gone
D3 S spec Silver Sold and gone
Tow bar, full length roof bars, side steps, tow bar storage unit, surround camers.
D4 camera club
9th Nov 2011 10:48 pm
Russell
Member Since: 24 Aug 2007
Location: Kent
Posts: 10564
Row try one of these
directgap.co.uk
ww.surfandprotect.com
Both look good but the surfandprotect is cheaper.
RussellMY17 D5 1st Edition Namib Orange
MY15 D4 HSE Kaikoura Stone
MY12 D4 HSE Nara Bronze Sold and gone
MY11 D4 HSE Stornaway Grey Sold and gone
D3 S spec Silver Sold and gone
Tow bar, full length roof bars, side steps, tow bar storage unit, surround camers.
D4 camera club
9th Nov 2011 11:16 pm
row_perfect
Member Since: 01 Jan 2011
Location: Kent
Posts: 291
Russell wrote:
I would be if I am not working this time, would be nice if I had my new one by then as well. Where would you go for the meet?
How about a pub that doesn't specialise in drunk 15 year olds eh Glynne?D4 HSE, Active Rear Diff, surround cameras, adaptive xenons, heated steering wheel, TPMS, remote park heating, centre console cooler box
Club MT/R
Club RLD spare wheel protector
Club Sump plate & tree slider
Club Blackvue HD
9th Nov 2011 11:30 pm
Russell
Member Since: 24 Aug 2007
Location: Kent
Posts: 10564
MY17 D5 1st Edition Namib Orange
MY15 D4 HSE Kaikoura Stone
MY12 D4 HSE Nara Bronze Sold and gone
MY11 D4 HSE Stornaway Grey Sold and gone
D3 S spec Silver Sold and gone
Tow bar, full length roof bars, side steps, tow bar storage unit, surround camers.
D4 camera club
10th Nov 2011 8:45 am
row_perfect
Member Since: 01 Jan 2011
Location: Kent
Posts: 291
Gap direct T's & C's look ok for off-road use. Price for replacement over 4 years is reasonable, 5 years somewhat pricey.
Surf and Protect T's & C's wrote:
General exclusions:
8. Where an insured Vehicle has been used:
i. for racing, pace making, speed testing, reliability trials or any off-road use,
D4 HSE, Active Rear Diff, surround cameras, adaptive xenons, heated steering wheel, TPMS, remote park heating, centre console cooler box
Club MT/R
Club RLD spare wheel protector
Club Sump plate & tree slider
Club Blackvue HD
10th Nov 2011 9:18 am
Russell
Member Since: 24 Aug 2007
Location: Kent
Posts: 10564
Row you have a PMMY17 D5 1st Edition Namib Orange
MY15 D4 HSE Kaikoura Stone
MY12 D4 HSE Nara Bronze Sold and gone
MY11 D4 HSE Stornaway Grey Sold and gone
D3 S spec Silver Sold and gone
Tow bar, full length roof bars, side steps, tow bar storage unit, surround camers.
D4 camera club
10th Nov 2011 3:41 pm
row_perfect
Member Since: 01 Jan 2011
Location: Kent
Posts: 291
row_perfect wrote:
Just looked at what I think is his site (gapinsuranceuk) and the T's & C's excludes a 'Vehicle which has been modified in any way from the manufacturer's specification'. That seems a bit crazy - add a Blackvue or sump plate... but later it does say any modifications will be excluded from the purchase price for valuation. I'll send him a pm to ask for clarification.
I also looked at gap2go, but they exclude 'Vehicles used for ... off-road use...' so they are off the list (despite being very very cheap).
Kam has come back to me (via underwriter) and said that these modifications and 2nd battery are fine.
One thing concerns me still:
Quote:
Offer of Settlement:
If you accept an offer under Your Motor Insurance Policy of less than the current Insured Value of the insured Vehicle then We reserve the right to assess the loss at the current Insured Value.
This worries me slightly as you set the Insured Value at least at the market value at the point of taking out insurance; however insurers always pay out on current market value, which a whole year later on a new car will be significantly less - easily £5k or more.D4 HSE, Active Rear Diff, surround cameras, adaptive xenons, heated steering wheel, TPMS, remote park heating, centre console cooler box
Club MT/R
Club RLD spare wheel protector
Club Sump plate & tree slider
Club Blackvue HD
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