GAP Insurance...opinions please.

[kingbilly]

Do any of you guys have GAP insurance...?

Purchased a year 2007 MkV GTi just 7 weeks ago and have every intention of keeping it for at least a 4 year period, if not longer.

Done a few internet searches with prices of about £230 for back to invoice value cover...sounds like a good deal...if, god forbid, my beloved GTi was written off in say 3 years time.

Can anyone recommend a reputable insurer...?  Any positive or negative experiences out there...?

All advice greatly appreciated.
Billy

[Hurdy]

GAP insurance is good if you are keeping your car.....AND keeping it stock. If you look into the smallprint GAP will not cover any modded motors

[Teutonic_Tamer]

GAP insurance is good if you are keeping your car.....AND keeping it stock. If you look into the smallprint GAP will not cover any modded motors

  Never knew that!

[R32UK]

And thats from a man who "KNOWS" about modding 

[Steve30]

A lot of them are not worth the paper they writen on , I wouldnt bother with GAP insurance!! Just a big con in my eyes. Ive had 4 GTImk5 over the last 5yrs never been a problem, but then I never wrote one off, As Hurdy says read the small print?? Enjoy steve edition30

[neo66]

I bought GAP cover from VW when i did the deal on mine, it was £395, and its valid for 3 years- so it falls just outside the warranty period as I bought nearly new, good for me as I didn't really want to modify until both these had elapsed incase anything bad happens.
Peace of mine for me, tho I can understand how people can say not to bother as i'm sure some companys don't like paying out!
Their was a member on here a while ago that wished he got GAP as he had a new Ed 30 that got wrote off by another driver, may be worth looking for his link!?
......There are different levels of GAP bare in mind!

[JonnyG]

A lot of them are not worth the paper they writen on , I wouldnt bother with GAP insurance!! Just a big con in my eyes. Ive had 4 GTImk5 over the last 5yrs never been a problem, but then I never wrote one off, As Hurdy says read the small print?? Enjoy steve edition30

mmmm .. it paid off OK for the guy on here who's Gti was written off in the floods in Hull.  For around £200 online, it's quite good value IMO.  There are a few conditiions with most policies, but nothing too onerous.  The other thing to consider is that GTi's, R32's are stolen a lot more than other cars, yet the GAP insurance price seems to be fixed, so seems better value to me for these type of cars.

[snakehips]

I bought GAP cover from VW when i did the deal on mine, it was £395, and its valid for 3 years- so it falls just outside the warranty period as I bought nearly new, good for me as I didn't really want to modify until both these had elapsed incase anything bad happens.
Peace of mine for me, tho I can understand how people can say not to bother as i'm sure some companys don't like paying out!
Their was a member on here a while ago that wished he got GAP as he had a new Ed 30 that got wrote off by another driver, may be worth looking for his link!?
......There are different levels of GAP bare in mind!

I was quoted around £395 for GAP by the dealer when I bought my car. It sounded like a lot so I did a web search and found similar for £150. Showed this to my dealer and he halved the VW quote, which I took. If they can always be that flexible it might be worth a try "haggling".

[jaydubveedub]

I went for it as I plan to keep the car.

VW dealer quoted me £395, found a similar policy online for about £200, told the stealer and they offered me their policy for £190. No brainer really.

[p3eps]

I bought an ED30 in July 2007 brand new for a few quid over £23000.
In March 2009 some idiot ran into the back of me on the motorway and his insurance paid me out £16325.  I've managed to get them up to £16855 so far and am still battling 6 months on to the very day!

If I'd had Gap Insurance I'd have been accepting the first offer of £16325, then claiming the £6675 back from the Gap Insurance.

Currently I'm about £6k out of pocket from an accident that wasn't my fault.

When I finally get a replacement car, I'll be taking Gap Insurance for sure.  Its one of these things that you'll never think you'll need... but for £300 or so - its a big piece of mind!