GAP Insurance

[Flash]

A quick question regarding GAP insurance.

Is there any company out there that will provide cover for a new policy if taken delivery of the vehicle just after 365 days?

Many providers will not provide cover if not taken policy out in the first 12 months of ownership I am finding.

 

[st13phil]

I'm not aware of any, and in fact most policies have to be taken out with 90 or 180 days of vehicle purchase.

Best bet would be to ask a specialist broker?

 

[Flash]

Thanks for replying back.

It appears that apart from a couple of companies I found they will not do GAP if over 365 days. No joy with specialist brokers either.

Lesson learnt for future as with standard insurance in first 12months it was instant replacement. Car is just a few days over 12months from registration.

Good excuse to get a new replacement car and move on.

 

[f17ant]

A quick question regarding GAP insurance.

Is there any company out there that will provide cover for a new policy if taken delivery of the vehicle just after 365 days?

Many providers will not provide cover if not taken policy out in the first 12 months of ownership I am finding.

Yes there is use the price comparison sites but unless bought from a dealer they will give you todays market value

I took out gap for my car bought privately

 

[mercmancdi]

Every car I buy regardless new or used sick of going through the pressures to buy gap

 

[FinanceGuy]

Usually a year after purchase depending on the provider

Always worth researching the provider as i have found that sometimes in insurance you get what you pay for

 

[Germgh0st]

If you car insurer covers new for old in the first year, you can take out a GAP policy and they will defer it for a year if the company is any good. Just for future reference.

 

[FinanceGuy]

With regard for New for Old cover there are sometimes stipulations surrounding this that a are worth knowing

Some insurance companies will provide you with new for old but fail to mention you will receive a basic car back where the car you originally purchased had lots of additional options and packages!

Also if your new car was last of the old model then some insurance companies will say your current model no longer exists therefore new for old doesn't apply and will payout the market value.

Always ask these questions from your insurer before delaying the GAP Insurance.

Hope this helps!