My 991 GTS is in production....

[Cheib]

MagicRat said:

I'm with Admiral too, though I don't quite understand their pricing algorithms. They wanted over two grand to change the car on my policy, but if I took out a new one I ended up with a refund of thirty quid. Profoundly insane, but I'll take it!

Be careful with Admiral insurance on cars with expensive optional extra, you are not covered for the cost of those options if the car gets stolen (God forbid). They still ask you to list every single option specified but they aren't covered, only the car in base spec.

I found this out a few years ago when buying an X5!i'd loaded up with £10k plus of options. Bloke I work with just bought a new Bentley V8S which he has insured with admiral...it was cheaper for him to buy gap insurance and use Admiral than another insurer.

[Paleridergbr]

Good point. Fortunately I did go for Gap insurance. Also got my wheels covered and my excess via https://www.ala.co.uk although there are others out there...



P

[MagicRat]

Yep. Autotrader gap insurance for Mrs Rat's new Mini, also via ALA I think. Was less than 1/3 of what Mini themselves wanted for it. I guess if insuring with Admiral one can reduce the insured value of the car to base price, which may cut the premium. Had this with my Boxster S. Was insured for what I bought it for so when I renewed cut the sum insured to what I thought (via Parkers) they'd pay me for it. Knocked about a hundred quid of the price.

Either that or tell them about all the extras, which in my case might take an embarrassingly long time. Wouldn't want to not get that passenger footwell net back...

[Cheib]

MagicRat said:

Yep. Autotrader gap insurance for Mrs Rat's new Mini, also via ALA I think. Was less than 1/3 of what Mini themselves wanted for it. I guess if insuring with Admiral one can reduce the insured value of the car to base price, which may cut the premium. Had this with my Boxster S. Was insured for what I bought it for so when I renewed cut the sum insured to what I thought (via Parkers) they'd pay me for it. Knocked about a hundred quid of the price.

Either that or tell them about all the extras, which in my case might take an embarrassingly long time. Wouldn't want to not get that passenger footwell net back...

I think you have to tell them the full spec regardless of whether they cover it or not. I suppose some scrote is more likely to nick a car with top spec wheels and metallic paint rather than standard wheels and a solid colour.

[nigestar]

Cheib said:

Be careful with Admiral insurance on cars with expensive optional extra, you are not covered for the cost of those options if the car gets stolen (God forbid). They still ask you to list every single option specified but they aren't covered, only the car in base spec.

I found this out a few years ago when buying an X5!i'd loaded up with £10k plus of options. Bloke I work with just bought a new Bentley V8S which he has insured with admiral...it was cheaper for him to buy gap insurance and use Admiral than another insurer.

I would advise anyone to read the smallprint. I've just gone thru this on 3 cars.
1. If you need to claim the key is getting a swift repair at a porsche approved reparirer without invalidating the Porsche warranty. Genral mass market policies like Admiral,Directlin, Chirchill etc are not set up like this.
2. Most insurance companies make it quite difficult to achieve this and force you down their own approved repairer route. The smallprint will state that they can use parts equivalent to manufacturer specification but not manufacturer supplied parts per se.
3. many hi end insurance products designed for expensive cars like Porsche like Chubb, Zurich PC etc offer agreed value cover which negates the need for Gap insurance.
Seems mad to me to buy a Bentley and then insure it on the cheap. Generally you get what you pay for with insurance
4. same logic applies to GAP cover - you want a swift pay out without caveat.