Additional/Extra Porsche Insurances (Gap, Wheel&Tyre, Paint)

[GameofCars]

When we picked up my wifey's new Cayenne Plat Edition in January the only 'add on' insurance I took out was the scratch/chip repair one. It seemed a no brainer - I think it was something like £400 for a three year cover & you can make over 8 claims a year for scratch & chip repair. The repair company use Porsche paints in a temperature controlled environment (a fridge in their very expensive van). I never usually take out these add-on insurances but this really seemed very good value. You only need some tw*t to run a trolley in a supermarket car park into your pride & joy & its paid for itself. The number of times i clean my car & you suddenly notice the odd chip/scratch & you always wonder how that happened etc.

[tedblog]

alan718Gts said:

Your assuming they will do full refurb but most likely smart repair

All the wheel insurance companies that i know do a smart repair on diamond cut ( sand back and spray silver) its looks horrible, if thats not feasable they contribute around a £100 to have recut the proper way.
With this method they can only do 2 cuts then you have to buy a new wheel.
I never even consider diamond cut if i can.

[Tim718]

Prices went up at handover to £795 each (from ‘around £500’ the other day. So I passed on them all, plus if I’m honest the handover was a bit of a let down and that put me off spending more money with the dealer.

[tedblog]

Tim718 said:

Prices went up at handover to £795 each (from ‘around £500’ the other day. So I passed on them all, plus if I’m honest the handover was a bit of a let down and that put me off spending more money with the dealer.

Thats a shame, i do think they get such a kickback on these when you deline their attitude change and im sure they get many people just accepting, Have a look at ALA they seem pretty competative

[Davidkn]

n4aat said:

Why would anyone settle for a poor payout. Sounds like he was offered what it was worth and the gap insurance covered him back to invoice. Completely different thing to being caught in negative equity which is tradition gap insurance territory as I understand it.

If you have gap insurance, it doesn’t matter what the insurance offer you, you’re protected, and they always low ball you, then it takes a lot of effort to increase it, but you’ll never get anywhere near what you paid, but for a few hundred pounds you can get up to £50,000 difference back in your pocket, it’s a no brainier if you get a total write off.

For example, 70k Porsche, written off after 2 1/2 years, car valued at 45k, insurance offers you 40, you push it up to 45k, without gap you can’t just go and buy a new car to replace it. Person with gap gets 25k paid into their account (on top of the 45k the insurance paid them) and can go and buy a brand new replacement.

It’s a simple as that. Whether you have finance or not, it doesn’t matter, you’re a winner either way. Even replacement car instead of return to invoice does the same. That also protects you from a list price rise of what you purchased too.

Edited by Davidkn on Monday 30th April 22:51

[GameofCars]

Tim718 said:

Prices went up at handover to £795 each (from ‘around £500’ the other day. So I passed on them all, plus if I’m honest the handover was a bit of a let down and that put me off spending more money with the dealer.

That's a shame Tim, but don't blame you. Sounds like OPC's differ in their charging for these add-on insurances. As i said the scratch/repair one I took out was £400 which I thought was excellent value for a 3 year cover.