GAP Insurance

[kingkelly]

Hi all,

I take delivery on my new R8 v10 plus this Friday and im struggling to find a GAP Insurance provider that will offer a return to invoice price (circa £130k). Most only go up to a cvoer limit of £80k.

Thought some of the owners on PH might be able to help.

Audi have offered 3years at £899

Cheers

[Yipper]

ALA should be able to do it for £200-500 over 3 years.

Or get an agreed-value insurance policy with RKH, Chubb, etc.

[Murph7355]

Just buy a decent insurance policy in the first place...

[matc]

Murph7355 said:

Just buy a decent insurance policy in the first place...

How would that help? You understand how GAP works I assume?

OP the £80k you've found, is that max payout? That should be sufficient.

[nutbehinddawheel]

matc said:

How would that help? You understand how GAP works I assume?

OP the £80k you've found, is that max payout? That should be sufficient.

Car costing 130k so 80k will not be suffice.
Whilst an agreed policy may cost more, it gives piece of mind as the car is covered for 130k in first year and in subsequent years by agreement on value, up or down.
Agreed value policy is just that-it pays out the sum insured and not the market value

[Davo456gt]

could you not get 2 policies with separate GAP providers ?

[Murph7355]

matc said:

How would that help? You understand how GAP works I assume?...

Yes.

See the next post down...

[matc]

Murph7355 said:

matc said:

How would that help? You understand how GAP works I assume?...

Yes.

See the next post down...

GAP is a return to invoice policy, so will pay you back what's been paid for the car at day 1 - an agreed value insurance policy won't; it'll pay whatever you agree the value to be for the car based on age/mileage, which won't be £130k for 3 years.

80k cover could be suitable if that's the total amount the policy will pay - so assuming the car doesn't depreciate below £50k in the policy period then it'll return the OP in effect to the invoice price.

Hope that makes sense?