Gap Insurance

Discussion in 'Motorhome Insurance General Discussion' started by Bluemooner, Jun 14, 2012.

  1. Bluemooner

    Bluemooner Funster Life Member

    Joined:
    Mar 30, 2012
    Messages:
    1,244
    Likes Received:
    1,685
    Location:
    Ribble Valley
    Does anybody have Gap insurance covering there motorhome? If so which is the best company to use?

    Andy
     
  2. John & Joan

    John & Joan Funster

    Joined:
    Mar 30, 2010
    Messages:
    1,242
    Likes Received:
    670
    Location:
    Full Time on the road
    Excuse my ignorance Andy but wat is GAP insurance?

    John
     
  3. Bluemooner

    Bluemooner Funster Life Member

    Joined:
    Mar 30, 2012
    Messages:
    1,244
    Likes Received:
    1,685
    Location:
    Ribble Valley
    This could be hard, if you buy a new vehicle and write it off your vehicle insurance wont pay the full amount of what you paid for it, gap insurance pays the difference so you get back the amount you paid i have it on my cars i hope that explained it

    Andy
     
  4. Bluemooner

    Bluemooner Funster Life Member

    Joined:
    Mar 30, 2012
    Messages:
    1,244
    Likes Received:
    1,685
    Location:
    Ribble Valley
  5. Geo

    Geo Trader - Funster

    Joined:
    Jul 29, 2007
    Messages:
    9,690
    Likes Received:
    5,843
    Location:
    Mansfield,Notts
    Of more interest has anyone actually has a good result from Gap insurance:Wink:

    Geo
     
  6. bigfoot

    bigfoot Funster

    Joined:
    Dec 23, 2007
    Messages:
    4,002
    Likes Received:
    5,161
    Location:
    Wirral
    Unles you are with a really good and understanding insurer,they will avoid paying out. Somw will value on the base vehicle and put on a minimal amount for the conversion.
    I have GAP as my vehicle was bought new and is only 2 years old. If you have an insurer that knows motorhomes it shouldn't be neccessary,but does one exist?
     
  7. John & Joan

    John & Joan Funster

    Joined:
    Mar 30, 2010
    Messages:
    1,242
    Likes Received:
    670
    Location:
    Full Time on the road
    Thanks Andy
     
  8. sedge

    sedge Funster

    Joined:
    Jul 7, 2009
    Messages:
    4,518
    Likes Received:
    3,938
    Location:
    Nr Jct 3 M6
    Yes - GJH's insurer.

    No they didn't settle for the price of a brand spanking new one, but it was a very acceptable amount for its age and condition and if you put the premiums you would have spent over the years on top, then there probably wouldn't be all that much difference. Motorhomes aren't like cars - ie you buy brand new, you drive it off the forecourt and before you've driven 100 yds you've already lost 10%.

    I don't actually know what the rate of 'deflation' is with them on average - could someone else comment on that?
     
Loading...

Share This Page