Should I get GAP Insurance for my Macan S?
Discussion
Hello All,
I'm looking for some advice on GAP insurance. I've just bought a 16 plate Macan S Diesel (Reg'd in August) and insured it through Elephant. Looking through Elephant's terms and conditions it looks like there is no 'new for old' for the first 12-24 months, although I'm not sure without calling them.
If there is no 'new for old', should I consider GAP insurance, just in case it's written off in the next 3 to 5 years? I don't have finance on it, but I'd like to buy a new or nearly new replacement should the worst happen.
Many thanks.
I'm looking for some advice on GAP insurance. I've just bought a 16 plate Macan S Diesel (Reg'd in August) and insured it through Elephant. Looking through Elephant's terms and conditions it looks like there is no 'new for old' for the first 12-24 months, although I'm not sure without calling them.
If there is no 'new for old', should I consider GAP insurance, just in case it's written off in the next 3 to 5 years? I don't have finance on it, but I'd like to buy a new or nearly new replacement should the worst happen.
Many thanks.
Thanks for the replies.
As suggested above, I'm only interested in the 'Back to invoice' option. The quote is sub £400 for a difference limit of £40k over the next 5 years. I am tempted, as it would help me sleep a little better and I guess that's what insurance is for. As long as it's not an outright scam, I think I'm edging towards doing it.
As suggested above, I'm only interested in the 'Back to invoice' option. The quote is sub £400 for a difference limit of £40k over the next 5 years. I am tempted, as it would help me sleep a little better and I guess that's what insurance is for. As long as it's not an outright scam, I think I'm edging towards doing it.
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