Finally placed my order today - TD4 SE - dealer offered GAP insurance for 3 years for a value of 25K. I've been doing some checking on the web and got thinking that surely on a 30K car which is likely to have at least 50% retained value after 3 years, the maximum amount of GAP I should need would be 15K ? Or am I being a numpty ?

I've found 3 companies:

Shortfallcover.co.uk
click4gap.co.uk
surfandprotect.com

any experience with any of these ??

Thanks

BG

Hi BG

Its a good question. I think that you will pay over the odds going via the dealer. I still need to sort out GAP for my new (second) Disco 3. My insurance with NFU gives me two years new for old, so I still havent made my mind up if I realy need this cover or not.

Give kam100 a shout via a PM, or ask on the sister site www.rrsport.co.uk.

He may reply directly to this thread, but whicever way I am sure that he will be able to help you.

Regards Kevin

07 Disco 3 XS Auto Java Black

www.bluelinecruises.co.uk

HI Guys, thanks for the referral Kevin.

We always advice our clients to apply gap insurance to the finance that we arrange, for cover in case the worst happens. We tend to refer to: www.shortfallcover.co.uk as they offer the greatest amount of cover for the least amount. I.e. the cover goes to a maximum payout of £25k

http://www.shortfallcover.co.uk/scripts/pr...tegory=263

Hence the cover is more then adequate, plus in my own experience, i took out cover on my RRS through my dealer for 4 year cover for i think it was £450 at the time, as i was excited about pickup and the way LR manipulated me to think about it, i.e. sign here Kam, its just shortfall cover, adds like £3 to your monthly but you have full shortfall cover.

When i looked into it afterwards and found cheaper alternatives available, i felt very ripped off, also i kept my RRS for 8 months, so i didn't need the cover for the 4 years, as its non refundable, non transferable to other vehicles/owners, so once its paid its gone.. PLus the claim limit was a measly £15k which would not have covered return to invoice shortfall over say 4 years the car got wrecked, worth £25k, then i would need around £22k to get into a new car, i would stil fall short, even though im paying through my nose for it.

Shortfallcover also grant people we refer 5% additional discount, so if you would like the discount code, then PM me, will be glad to help..
Also a consideration to bear in mind. Most insurance companies cover your car new for old for the first year anyway, on brand new cars, so may be worth checking your policy for that. If you keep it more then a year though a shortfall policy is advised..

Thanks for the advice. It's a cash sale, so no finance involved. Am I right in thinking that 25K gap cover for a 30K car is over the top. Isn't the gap cover just to cover the difference between the insurance company payout and the invoice price (assuming I go for an RTI policy). Will the book value (hence the insurance pay out) ever be below 15K for the first 3 years of the car - especially one which is thought to retain 56% of it's value after 3 years.

I'm comfortable with taking out a policy, just wanted to get my head around how much cover would be needed - I guess if it's too much, it's not a problem !

BG

The NFU deal is a good one as there cover is very comprehensive, especcially if going off road. D4 HSE Lux for me
FL2 HSE Zermatt & Alpacca for the wife now gone
Skoda Yeti L&K for the wife.

So is Land Rover's own insurance for the vehicle and not the GAP, as it also allows for unlimited audio/hifi, unlimited continental driving, the contents of trailers and roofracks (and the trailer or roofrack), cover allows offroad use without penalty (hey it's Land Rover Insurance not Directchurchillesureunion who won't even quote for offroad use) and cover includes off-road recovery of the vehicle to the nearest LR service agent if necessary,repairs by Land Rover using genuine LR parts and use of a Land Rover while repairs are being made. Yes they cost a small amount more than
Directchurchille-sureNorwichunion but just you try to get offroad cover from them (and to them offroad is not what we all think off as offroad - even use of an unclassified road is "offroad" to those guys so you won't be covered driving on many backroads and country lanes. How can carbon have a footprint, it has no feet?
Now driving - RRE Coupe Dynamic Lux Auto with Plus pack, Fuji White, Ebony, SD4 with tow pack
Gone - 2010MY FFRR TDv8 Stornoway and Ivory, Privacy - the pace of a TDv8 RRS, the incomparable grace of a Range Rover
Gone but will be missed- RRS Tdv8 HSE Stornoway Grey with Ebony Leather
Gone (only a little missed) RRS Tdv6 2.7SE Giverny Green/Aspen
Defender 90 County HT in Epsom Green