BMW shortfall scheme instead of a tracker

[Steve748]

Has anyone taken up the BMW shortfall http://www.bmw.co.uk/bmwuk/fs/business/shortfall scheme that would pay the difference between what you paid for the car and the value placed on it if it was written off or stolen? The salesman told me about it when I told him fitting a tracker would only reduce the premium by £25 and his cost of £350 + annual payment of £125 or whatever it was seemed a bit of a non-starter.
I did read somewhere that there is a small portable tracker that you can leave in the car and switch on when you left the car.
Just wondered if any body had a claim or used the tracker system?

[Steve748]

Thanks Matt, I did a quick look and one of the Gap insurance companies, Direct Gap ins, quoted £205 on a purchase of £27k over 3 years and the BMW dealer told me IIRC it was £199 for 1yr £299 for 2yr and £399 for 3yr

[Steve748]

£219 with http://www.click4gap.co.uk/sec.asp for £27k over 3 years for return to invoice still cheaper than BMWI might have a look at www.moneysavingexpert.com and see what he says about them

Edited by Steve748 on Sunday 21st December 17:36

[Steve748]

I ended up getting the BMW gap insurance for £275 for 3 years and that will make up the difference to replace the car for like for like, might still get a tracker, I have read somewhere there are some small ones that you hide in the car and work off batteries, anyone any ideas?