Quote:
Originally Posted by Vish8895
I don't know much about GAP insurance so maybe you could enlighten me?
This "Back to invoice" GAP insurance - If I bought a car from a VAT registered trader/dealer (all legit with sales receipt/invoice etc), and then say 2 years later it got stolen, would they pay the difference between the insurance payout and the invoice price?
Seems odd as the car may have depreciated several thousand pounds, plus the few grand the insurance rob you for.
I guess I sort of understand, you are insuring yourself for x grand in the event of a theft, but it just seems too good to be true?
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Just as you have described. You pay extra the cover the Gap between insurance company payout and what you paid
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