[Aquakleen Restoration Services]

Just had the finance broker on the phone trying to sell me 'gap'? Apparently for one extra monthly payment you get the full value of the van if it is ever nicked?

Seems like a no brainer really. What do you guys think?

John

[John Kelly]

Gap insurance is common especially if you buy a new vehicle. Imagine buying a new van or car and a month later it is written off. You wouldn't get enough to go and buy a new one so you have gap insurance to fill the gap. The policy premium will depend on the value of the vehicle and the gap between that and a new one. Can be pricey and check the small print. I would want an all risks not just theft.

[Neil Williams]

I've got this on my car, but remember you are guarenteeing the price and value of the vehicle at the time of taking this insurance out.

[Mark_Jubb]

Various different options are available, with "return to invoice value" giving the greatest cover IIRC.
You can obtain it directly yourself from any number of companys, good old google search job.

[ste20]

gap insurance only guarentees that the finance company get there money back they have lent on the vehicle,usualy to a certain amount--good product

[Mark_Jubb]

gap insurance only guarentees that the finance company get there money back they have lent on the vehicle,usualy to a certain amount--good product

Not if you take it out directly yourself with any number of providers, you are the beneficiary of the policy.