To GAP or not to GAP???

r-designbob · Sep 2nd, 2010, 00:41

Have mentioned it b/4, but what do you guys think of it, and would you have it?

AndysR · Sep 2nd, 2010, 00:50

I would have it in a heartbeat as I have seen the results if your in the unfortunate situation which mean you are able to claim against it.

grass hopper · Sep 2nd, 2010, 01:57

not for me,never had a total loss claim in 20 years,I have been lucky,plus my cars are not that expensive when purchased.

XC60KEV · Sep 2nd, 2010, 07:15

In the event of a total loss of a car within the first 12 months of registration almost all insurers provide a brand new replacement vehicle to the same specification as the one which sufferred the loss.

The advantage of this is: You get a brand new car which the Insurer can source very quickly and the finance is transferred to that vehicle. It could be the case you have 10,000 miles on the clock and get a new car with newer registration mark which means the final value of the vehicle at the end of any credit agreement is higher.

Its all down to your own perception of risk. What is the chance of you having a total loss in your car after one year when the replacement clause of your insurance doesnt apply in a vehicle as safe and well built as the xc60?

Daleman · Sep 2nd, 2010, 08:12

NFU give you two years new car replacement with their policy should you unfortunately have an accident.

XC60KEV · Sep 2nd, 2010, 08:37

Quote:

Originally Posted by Daleman

NFU give you two years new car replacement with their policy should you unfortunately have an accident.

Thanks, thats good to know and even less of a reason to purchase GAP

ladywotlunches · Sep 2nd, 2010, 11:13

and from memory when i looked into this a while back, there are GAP providers that will cover from 12 months onwards - so when the insurer no longer provides it - so you have a year to decide...

andy_d · Sep 2nd, 2010, 11:19

which ever option you choose, Shop around, there will be a cheaper with the same cover levels {or better} avaliable from a proper ins broker.

NewVolvo · Sep 2nd, 2010, 21:39

I would always go for GAP insurance. Peace of mind.

mjltigger · Sep 2nd, 2010, 21:46

another opinion.. if you need gap can you really afford the car?

Sep 2nd, 2010, 00:41	#1
r-designbob Premier Member Last Online: Nov 2nd, 2016 11:42 Join Date: Jun 2010 Location: portsmouth	To GAP or not to GAP??? Have mentioned it b/4, but what do you guys think of it, and would you have it? __________________ XC60 D3 R-Design- geartronic Sapphire black/ beige interior - Panoramic roof- Tinted rear screen Money can't buy you happiness but it does bring you a more pleasant form of misery..

Sep 2nd, 2010, 00:50	#2
AndysR VOC Member Last Online: Nov 13th, 2023 22:12 Join Date: Aug 2006 Location: Essex	I would have it in a heartbeat as I have seen the results if your in the unfortunate situation which mean you are able to claim against it. __________________ Volvo V40 T5 R-Design Lux Nav Geartronic owner

Sep 2nd, 2010, 01:57	#3
grass hopper Premier Member Last Online: Mar 18th, 2011 13:38 Join Date: May 2009 Location: grassmere!	not for me,never had a total loss claim in 20 years,I have been lucky,plus my cars are not that expensive when purchased. __________________

Sep 2nd, 2010, 07:15	#4
XC60KEV Master Member Last Online: Sep 23rd, 2011 15:05 Join Date: Jun 2010 Location: Scotland View Photos By: XC60KEV	In the event of a total loss of a car within the first 12 months of registration almost all insurers provide a brand new replacement vehicle to the same specification as the one which sufferred the loss. The advantage of this is: You get a brand new car which the Insurer can source very quickly and the finance is transferred to that vehicle. It could be the case you have 10,000 miles on the clock and get a new car with newer registration mark which means the final value of the vehicle at the end of any credit agreement is higher. Its all down to your own perception of risk. What is the chance of you having a total loss in your car after one year when the replacement clause of your insurance doesnt apply in a vehicle as safe and well built as the xc60? __________________ MY11 Black Sapphire XC60 D5 AWD (205) R-Design Premium, R Design Convenience Pack, Passenger & Cargo Blinds. Continental Cross Contact UHP Tyres with Nokian WRG2's in the tyre hotel.

Sep 2nd, 2010, 11:19	#8
andy_d Premier Member Last Online: Yesterday 23:35 Join Date: Aug 2009 Location: birmingham	which ever option you choose, Shop around, there will be a cheaper with the same cover levels {or better} avaliable from a proper ins broker. __________________ 940s - 2l / 92 < gone&missed s401.8 xs auto <gone >V50 2.4SE Geartronic aka "the new money pit" "skyship007 has now been successfully added to your ignore list. "."

Sep 2nd, 2010, 08:12	#5
Daleman Master Member Last Online: Mar 25th, 2024 22:24 Join Date: Feb 2010 Location: York	NFU give you two years new car replacement with their policy should you unfortunately have an accident.

Sep 2nd, 2010, 11:13	#7
ladywotlunches Junior Member Last Online: Nov 13th, 2015 12:01 Join Date: Mar 2010 Location: London	and from memory when i looked into this a while back, there are GAP providers that will cover from 12 months onwards - so when the insurer no longer provides it - so you have a year to decide...

Sep 2nd, 2010, 21:39	#9
NewVolvo VOC Member Last Online: May 28th, 2024 16:30 Join Date: Apr 2009 Location: Köln, Germany View Photos By: NewVolvo	I would always go for GAP insurance. Peace of mind. __________________ 2019 XC60 T6 R-Design 2017 S6 Avant 1996 850R 1987 780 Bertone Lots of previous Volvo's

Sep 2nd, 2010, 21:46	#10
mjltigger Junior Member Last Online: Dec 3rd, 2010 16:45 Join Date: Aug 2010 Location: Trowbridge	another opinion.. if you need gap can you really afford the car? __________________ R Reg V70 2.5ES (10V)

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