David@GAPInsurance

Sorry tigermad - I only just saw this! At this moment in time I'm afraid it's payment upfront by either credit or debit card.

No trouble. You're welcome. FYI As things stand at the moment, you'd have the option to renew the policy upon expiry for a further year (or two years) *IF* you decided to keep the vehicle longer than 36 months so you should still have options available to you then.

Thank you for your custom and for posting feedback! Damo, (and anyone else reading this) in response to your comments about the duration, you are correct that we can only offer whole-year cover however, you do have the ability to cancel a policy part-way through and claim a pro-rata rebate of unused premium. E.g. if you had finance for 42 months and wanted the GAP cover to match the same term, you'd initially buy a 48 month policy but then at the point you hand the car back or part exchange it in etc at 42 months, you'd cancel the GAP insurance policy and claim a rebate of the value of the remaining 6-months. So for example, your 3yr policy cost £65... the 4yr equivalent is £94.13. Buying the £94.13 policy and then cancelling with exactly 6-months remaining would result in you being able to claim back circa £11.77 (I've calculated this on a monthly basis for ease, but the actual calculation at the time of cancellation is a daily calculaton) either as a refund or to be carried forward against the cost of a new policy (unlike other GAP providers, we charge no cancellation or admin fees etc). Something else to consider as well... I notice that your vehicle is brand new... that being the case, if you got any discount off the full list price, at the time of any claim you'd be better off with Replacement GAP insurance rather than Invoice GAP insurance: Invoice GAP insurance - Aims to pay the difference between your Motor Insurance payout and the original invoice price you paid for the vehicle *after discount* Replacement GAP insurance - Aims to pay the difference between your Motor Insurance payout and the greater of either the original price you paid for the vehicle *after discount* OR the cost of replacing the vehicle with a brand new equivalent at the time of claim (You may well be aware of this and opted for Invoice GAP insurance anyway Damo (which is fine) but I'm including this here for other reader's benefit too.) Damo, if you want to organise changing your policy from 3yrs to 4yrs or from Invoice to Replacement etc, just give me a shout.

Thanks Brian, much appreciated.

Oh I don't know, I'm definitely a real person gumpdrop Whether GAP insurance is worthwhile after you having had the vehicle for so long, is (as with any non-compulsory insurance) debatable. The simple facts are that if your vehicle was written off today, your Motor Insurer would likely pay you a sum of money that is considerably less than the original invoice price that you paid for it. If you have finance outstanding too, their payout may or may not be sufficient to clear the amount remaining on finance etc. If it falls short, you'd have to fund this shortfall on top of the costs of sourcing a new vehicle yourself. Of course if you have no finance outstanding, you'd have all of the sum paid out by your Motor Insurer to put towards your next vehicle, but with GAP insurance, you'd have that sum topped up to either the original invoice price you paid (Invoice GAP insurance) or the equivalent new vehicle replacement price (Replacement GAP insurance) - assuming you qualify for either (see my earlier post). Some people appreciate having GAP insurance cover in place knowing that in such a scenario it would financially assist them in funding their next vehicle. Others, don't care for GAP insurance and would take it on the chin (so to speak) by funding any shortfall and/or their next vehicle out of their own savings/pocket - whether that be a struggle for them or not. In short, really it's only you that can decide, based on your own view of the risk of write-off and ability to fund any shortfall and/or your next vehicle in the event of write off, whether GAP insurance is worthwhile, for you. If you like, let me know how much you paid for your vehicle originally (the invoice price you paid after discount (if any)), your registration number and a current mileage reading. I can then give you an indication of what Glass' Guide are currently reporting as the value of your vehicle which, in turn, will give you an idea of (in the event of your vehicle being written off now) what an Invoice and/or Replacement GAP insurance would be likely to pay out at this time... or... if you don't qualify for either, the likely level of cover you'd be able to get from an Agreed Value GAP insurance policy from elsewhere. Best wishes David

If you took ownership of the car less than 12 months ago, we can still provide you with either Invoice or Replacement GAP insurance cover and what's more, as a BRISKODA member you get 10% discount too! Invoice GAP insurance: In the event of write off, this policy aims to pay the difference between your Motor Insurance payout and the greater of either: The amount (if any) outstanding on finance at the time of claim, or The original invoice price that you paid to put the vehicle on the road Replacement GAP insurance: In the event of write off, this policy aims to pay the difference betweenn your Motor Insurance payout and the greater of either: The amount (if any) outstanding on finance at the time of claim, or The original invoice price that you paid to put the vehicle on the road, or What it would cost at the time of claim to replace the vehicle with a brand new* version of the same or nearest superseded equivalent at the time of claim. * - This assumes that you originally bought the vehicle brand new and were the first registered keeper. If you originally bought a used vehicle, the cost of the replacement vehicle would be calculated based on the price of one of the same or nearest equivalent Make, Model, Spec', Age and Mileage as was applicable to your vehicle at the time you first bought it. If you took ownership of the vehicle more than 12 months ago, you'll not be able to get either Invoice or Replacement GAP insurance as described above, rather you'll be limited to something called "Agreed Value GAP insurance" (it goes by various names though including, confusingly, "Replacement GAP insurance" by some providers). In simple terms this policy would at the time of claim, aim to pay you the difference between your Motor Insurance payout and what your vehicle was worth (normally according to a guide such as Glass' Guide) at the time you bought the GAP insurance policy. Clearly this is a considerably lower level of cover than the Invoice/Replacement GAP insurance policy I describe above that you can source within the first 12 months. Nevertheless, if you have passed the 12 month mark, whatever your car is worth now, it almost certainly WILL continue to depreciate away from that figure, just at a slower rate than your vehicle depreciated in value during the first year. Agreed Value GAP insurance is not something that we can help you with as we don't offer it, but a search for "Agreed Value GAP insurance" will bring up a number of other providers. That depends on the type of GAP insurance and of course, 'your' attitude to the risk of your vehicle being written off through accident, fire, theft or flood etc and your capability to fund a replacement vehicle without assistance from such a policy. Best wishes David

Hi SollyRed, A couple of things in response to your post that may be of interest to you or indeed anyone else considering GAP insurance: 1. Some Motor Insurers do indeed cover a brand new vehicle on New-For-Old basis during the first year and the theory is that if the vehicle is written off they will physically replace it with a new equivalent however, not all do and, of those that do, some of their specific criteria (which many people will only pay a passing glance of attention to prior to needing to use it) can be so stringent that it becomes extremely difficult to actually benefit from a New-For-Old replacement at the time of claim with Market Value payouts (and therefore a need for GAP insurance) still featuring within the first year. It's very important that if you're considering forgoing GAP insurance in the first year, you should fully understand what you're letting yourself in for in terms of your Motor Insurance policy and the cover that they provide. We produced this blog post a while ago now to assist in terms of what to look for from your Motor Insurance policy to at least attempt to ensure that their New-For-Old cover will do what you think it will do. Ultimately, if you're happy with the cover provided by your Motor Insurer then we (and any other decent GAP insurance provider) will work with you and permit you to either: a. Buy Invoice or Replacement GAP insurance up to a year after purchasing your vehicle or b. Buy Invoice or Replacement GAP insurance sooner, but with the option to defer the start date of the policy by up to a year from the date your vehicle was first registered. This way you can avoid duplicate cover in the first year but still benefit from cover in later years (most providers only permit you to buy GAP insurance within up to 6-months of taking ownership of the vehicle). 2. It always frustrates me when I hear of GAP insurance claims taking ages, (often with the GAP insurance policy/provider being slated as a result), because in the vast majority of cases a GAP insurance claim is (or at least should be) absurdly straight-forward! For example in our case, in order to pay out on a GAP insurance claim we'd need to see: A copy of the original vehicle sales invoice and (if applicable) details of any finance agreement secured on the vehicle and the settlement figure required at the time of claim. Evidence that the driver (if applicable) was eligible to be driving the vehicle (Driving Licence and Insurance etc) at the time of the incident that led to the vehicle being written off Details of the incident that led to the vehicle being written off by the Motor Insurer (including crime reference number if applicable) A copy of the letter detailing the Motor Insurer's settlement offer Evidence (if Replacement GAP) of the replacement cost of an equivalent vehicle. With all of the above in order (which should normally be pretty straightforward to collate though granted, sometimes there can be a delay with policyholders acquiring copies of since lost paperwork), other than the GAP Claim Administrator possibly needing to get the payout signed off by the insurer (there'll be a limit to the amount of money the claim administrator can payout without needing to refer it on to the insurer for approval) there should not really be any delay in proceeding to settlement relevant to the cover provided. Problems usually arise due to the Motor Insurer not releasing/sharing details of the claim to/with the GAP insurance claim administrator, or the motor insurer dragging their feet over settlement which, giving them the benefit of the doubt, can sometimes be out of their hands - we had a claim last year when the vehicle was the subject of a criminal investigation (it had been stolen and used to commit a crime which sadly involved a fatality) which meant that the police wouldn't release the vehicle to the motor insurer and the motor insurer was refusing to pay out (nor give any indication that it would be a Total Loss claim or the amount they might payout) until the police had confirmed they were releasing the vehicle... without knowing how much the motor insurer were going to be paying out, the GAP insurance couldn't pay out either. If I remember correctly it was something like 6-months after the event when the Motor Insurer eventually paid out on a Total Loss basis and we were able to follow suit. As a general rule though, certainly with our policies - clearly I can't speak for other providers - once all of the required information is in, the payout from the GAP insurance policy is normally made within a day or two (working days). I hope this helps.

Brian, the truth is you should be wary the other way around. Consider that most independant providers will be roughly the same price because their prices are affected by market forces far more so than a motor dealer... e.g. someone searching online for GAP insurance is really just a mouse click away from a competitor so it has to be "best foot forward" for the companies in question, whereas with GAP insurance from a Motor Dealer, often the customer will not have heard before and (even despite laws dictating that it now shouldn't happen) motor dealers will give the impression that they're the only outlet they can source GAP insurance from so, can all but make up the price they want to charge for it. Motor dealers are renowned for overcharging for GAP insurance (a short while ago the Financial Conduct Authority claimed they conservatively estimated that UK motor dealers were overcharging the UK consumer by as much as £76m per year!) and £12.99 per month for 36 months is £467.64 which is an insane price for GAP insurance! Also consider that it will amost certainly be for just an Invoice GAP insurance policy rather than the superior Replacement GAP insurance that you should probably also consider. I don't know what the purchase price of your vehicle is, but as an alternative example if was say, between £15,000 and £25,000 our prices for a 3yr policy would be as follows (based on you having bought the vehicle less than 6-months ago OR not yet bought it): 3yr, Invoice GAP, £15,000 Claim Limit = £108.46 less 10% BRISKODA discount = £97.61 3yr, Replacement GAP, £17,500 Claim Limit = £155.76 less 10% BRISKODA discount = £140.19 Note that we can provide quotes for 1-5 years with Claim Limits ranging from £5k to the whole purchase price of your vehicle. Check out www.gapinsurance.co.uk for more details of either policy type and of course, if you have any questions, please don't hesitate to ask. David

Thank you for your feedback Dave. I've just taken a look over your policy and everything looks in order to me in terms of the invoice price you declared, the duration and claim limit you selected. If you have any questions/concerns whatsoever though please give me a shout. Best wishes David

Thank you for the feedback, glowing testimonial and of course your custom Ian - It's all very much appreciated. Best wishes David

For an example of the difference between Invoice & Replacement GAP insurance please see here. I've created the example using the figures already discussed above, namely: £25,000 vehicle purchase price Vehicle written off whenWorth £18,000 With £20,000 outstanding on finance But I've also introduced the concept of the list price for the new equivalent vehicle having increased (the whole point of Replacement GAP insurance over Invoice GAP insurance) - in this case to £27,000. It should be pretty self explanatory. If you have any questions, please ask. Thanks David

Col, you should have mentioned that the dealer had told you this (if you did, I missed it - sorry), I could have given you some ammunition to use against them. Briefly, a while back the ABI (Association of British Insurers) issued a voluntary code of conduct for GAP insurance providers, part of this code was a recommendation that pro-rata rebates should be provided in the event of a mid-term cancellation (the "better" online providers already did, but almost all motor-dealer-sourced policies didn't). To my knowledge every single GAP provider adopted this as standard practice (although some continued to charge cancellation/admin fees in the process). Crucially, most insurers elected to apply it retrospectively to policies already on risk too. Thus, because it all but became an industry-standard approach, any insurer refusing to give you a pro-rata rebate of unused premium these days would be deemed to be being unfair to the policyholder - an accusation they won't want to be on the receiving end of. Incidentally if your policy originally cost you £399 and you had 10-months remaining I'd have expected the rebate to have been in the region of £110, but with cancellation fees (from companies that charge them) usually being circa £40, the £68 that you're receiving back looks not too unreasonable. Personally though, I'd have pressed them for a refund of the cancellation fee too. As it happens we were the subject of our annual compliance audit from our underwriter yesterday and I was chatting with the auditor about policy cancellations etc. He advised that the FCA have already made noises about an intention to move to ban them and that in advance of that, they (our underwriters) are recommending that all of their brokers/outlets stop charging them (not that it affects us because we haven't charged them for quite some time now). This being the case I reckon with a little bit of persuasion you could probably also receive a refund of the amount they've deducted as a cancellation fee too (assming of course, you were so inclined). Best wishes David

Repairs can be carried out at a location of your choice (so long as it's both practical and safe for the repairer). Note that our policy is just Scratch & Dent insurance (e.g. Bodywork) we don't (currently at least) offer tyre or alloy wheel insurance. Though we are launching this very soon.

Sorry - I literally sent that previous post of mine, then packed up and left for the day. Based on the following: 2yr cover period (permits up to 6 claims) £0 excess per claim 1 panel cover 20cm The price would be £218, less your BRISKODA discount, which brings it to £196.20 Increasing it to 2-panel cover would take it to £258 less your discount which would bring it to £232.20 Alternatively, put it to 2-panel cover but step up to a £10 per claim excess and the price is £236 which, after discount makes it £212.40. If you go to www.gapinsurance.co.uk/scratch-and-dent.asp, just enter a vehicle value and a valid date of reg & purchase (you can put contact details in too, but you don't have to) and you can play around with all of the various options - there's no charge for window-shopping :-) (just remember that the prices quoted will be BEFORE your 10% discount). Best wishes David

Prices vary because we allow for greater customisation of the policy than any other provider. Customisation options include: 1, 2 or 3 years cover permitting 3, 6 or 9 claims respectively. Per claim excess options of £0, £10, £15 or £25 Damage size limits of 15cm, 20cm or 30cm (e.g. it covers scratches/dents up to this size in length and/or diameter) One or two panel cover (e.g. to cover a scratch across front & rear door, or wing and door etc, you'd have to have two panel cover otherwise it'll only cover a scratch/dent affecting a single panel). To give you an idea of price range, it starts at £96 (12 months, £25 excess, 15cm, one panel) and goes to a maximum of £390 (36 months, £0 excess, 30cm, two panel). Note that these prices are BEFORE applying the BRISKODA 10% discount. It needs to be purchased within 60 days of taking ownership of the vehicle. See more (FAQ's and T's & C's etc) at: https://www.gapinsurance.co.uk/scratch-and-dent.asp Any other questions, just ask, but note that I'm just about to head out for a Stag weekend so I may not be able to reply (coherently at least) until Monday :-) Hovercraft racing (of all things) at www.hoverforce.co.uk is the first port of call - I hadn't even realised that that was a thing!

Adam, Aside from the fact that £399 for GAP insurance and £599 for Scratch & Dent insurance are rediculously high prices, they cannot force you to buy either policy if you have not yet paid for them and even if they have, all insurance contracts incorporate a cooling off period (minimum 14 days) in which you're entitled to cancel the policy and gain a full refund. Note that technically, they are permitted to charge an administration fee for cancellation within the cooling off period, but almost nobody does - specifically in relation to GAP and Scratch & Dent cover that is. So... don't be scared of telling them that you've changed your mind. Separately it reads to me like the dealer may be treading on very thin ice in terms of the legality of their proces in selling you the GAP insurance. To clarify, as from September 1st last year there's a strict process that they need to follow in so much that they aren't allowed to conclude a GAP insurance contract with you until at least the 4th day after they first introduce you to the concept of GAP insurance and when they do first introduce it to you they need to provide you with very specific information (known as "Prescribed Information") about their GAP insurance offer which should include various things, not least that they're obliged to bring to your attention the fact that it is available from other providers. The 4-day rule is designed to permit you to consider your requirements and decide whether you wish to purchase from the dealer, or elsewhere. If your first introduction to GAP insurance was this supplementary order which to a layman reads as though you're committing to purchasing the GAP insurance, then I'd suggest the FCA would be very interested to know about it. To clarify, the 4-day rule works as follows: Day 1 - The dealer informs you about GAP insurance and provides you with the "Prescribed Information" (main features, benefits & exclusions, the total price of their policy and notification that it's not compulsory and that you CAN buy it elsewhere). Day 2 & Day 3 - You can instruct the dealer that you wish to buy their policy, but this cannot come about through contact initiated by the dealer. Day 4 - The first day that the dealer is permitted to raise the topic of GAP insurance with you again and (assuming you want it) conclude the contract for it. My suggestion is that if the Supplementary Order is what you're walking away with on Day 1 and it's misleading you in to thinking that you're contractually obliged to go ahead with the purchase of the GAP insurance policy (you're not!), it's almost certainly not going to be acceptable to the FCA and (in my view) contrary to the laws that came in to force last September. To confirm, the 4-day rule doesn't apply to Scratch & Dent cover (though it's only a matter of time before Motor Dealers have their wrists slapped for mis-selling that too). Incidentally, I can provide you with Invoice GAP insurance (which is almost certainly what the dealer has offered you, although our policy terms are superior than theirs) or the superior Replacement GAP insurance for a duration of 1-5 years. I can also provide you with Scratch & Dent cover (what they call "Smart Plus Insurance") for 1-3 years. Our prices will be NOTHING LIKE £399 or £599 and as a BRISKODA forum member you can use discount code "BRISKODA10" to obtain a further 10% discount. See: www.gapinsurance.co.uk for more details or of course, if you have any questions that you think I can help with, please just ask. Whether you buy these policies from us or anyone else, tell the dealer to stick their unreasonable "supplementary order" where other types of supplements often go :peek:

OK so it's not the most scientific way to approach calculating a prudent Claim Limit... but it's a start. Here goes: If we deduct the £13,751.25 GFV from the £31,420 Invoice/Cash price, the resulting figure is £17,668.75. If we deduct the £13,751.25 GFV from the £32,120 List price, the resulting figure is £18,368.75. One way of looking at these figures is that the finance company are expecting the vehicle to depreciate by as much as £17,668.75 from the original cash price and/or up to £18,368.75 from today's list price. So... my advice would be that it's never a good idea to bet against the finance company in this respect so, you need to be looking at a Claim Limit no lower than the figures that the finance company have predicted. In this case, for both Invoice and Replacement GAP insurance you'd be looking at a minimum £20,000 Claim Limit (because the next level down is £17,500 and this would be lower than both figures calculated by the finance company). Do you need a Claim Limit higher than £20,000? My answer would be "possibly" with Invoice GAP insurance... but "probably" with Replacement GAP insurance. I say this because we (in terms of the claims that go through on our policies) see cars having depreciated by anything between 50% and 70% over three years. In this case your finance company are predicting depreciation of 56% (from the original cash price) and/or 57% over four years. The figures from the finance company are no guarantee as to how the vehicle will actually depreciate (it could of course end up better (lower) or worse (more)). But... it's probably fairly safe to assume that if they're only predicting 56-57% over four years it's probably unlikely you'll suffer from considerably worse depreciation but, there's no harm in trying to protect against that just in case. In terms of Invoice GAP insurance and a £20k Claim Limit, the £20k limit represents depreciation of up to 63.6%. Whether you'd need more is debatable. In terms of Replacement GAP insurance, a £20k Claim Limit represents depreciation of up to 62.2% of today's list price BUT... what's key to remember with replacement GAP insurance is that it's the list price of the new equivalent vehicle at the time of claim that's relevant and of course it's likely that at some point over the next 4 years the list price of the new equivalent will increase. So if you factor in the potential for the list price to increase AND for your vehicle to depreciate worse/faster than the finance company have predicted, it wouldn't take a huge movement in either case for the "gap" in the event of a late claim (e.g. towards the end of the 4th year) to exceed £20k. So, my advice would be to stick with the next level up which is a £25k Claim Limit for Replacement GAP insurance. This represents 77% of today's list price and in theory at least, should be ample. All of the above is clearly based on the assumption that you want a GAP insurance policy to run for 4-years as per the duration of the PCP agreement. Prices as follows: Invoice GAP: 4yrs £20k @ £174.60 4yrs £25k @ £181.53 Replacement GAP: 4yrs £20k @ £200.46 4yrs £25k @ £219.49 (Note the prices above are arrived at AFTER applying your forum discount (10%) using code "BRISKODA10") Does that help? PS: if you want rates for shorter/longer durations and/or higher/lower claim limits, just ask, or check them out at www.gapinsurance.co.uk.

If £31,420 is the invoice price paid, how much was the full list price? E.g. Was the £31,420 AFTER discount and if so, how much discount? Also, at the end of the PCP, there's a balloon/residual value payment to make if you want to keep the car... How much is that?

Just a heads up to anyone reading this thread that I've now added discount code "BRISKODA10" (applies a 10% discount) to my OP.

Sorry - I only just saw this thread (something is going on with my lack of notifications for new conversations in this area and I can't work it out). You've probably found out by now, but just in case (and for anyone else reading this)... if you sell your vehicle before the GAP insurance policy expires, we'll cancel the policy, work out how many days of cover are unused and what those days are worth on a pro-rata basis and then allow you to either receive the remaining value of the policy back OR carry the balance forward against the cost of a new policy on a new vehicle. Best wishes (and sorry for the delay) David

I'm married to a Barnsley Lass... Wonder Woman and her idle threats don't scare me any more! :-) Give me a shout when you're ready to discuss further. If the ice-cream originally came with a free chocolate flake, it'd likely be detailed on your invoice for that ice-cream (there's always an invoice for these types of ice-creams ). However neither Batman nor the Green Goblin are going to be too fussed about the intricate reasoning behind the purchase price you paid for the original ice-cream, as they're really just all about the money: The Green Goblin, simply wants his money back along with whatever applicable interest and charges you committed to pay him. At his simplest level, Batman is simply concerned about getting you back to the price that you originally paid for the ice-cream. Superman on the otherhand, isn't so fussed about the money per-se, he's interested in specifically WHAT, you bought first time around (including the full original specification). Thus, if your ice-cream originally included a chocolate flake (whether that was provided FOC or you paid a premium for it), when he's calculating the difference between what your ice-cream was worth when you smashed it in to the tree and the cost of replacing it with a new equivalent ice-cream of the same or nearest equivalent specification, his calculated cost of the new ice-cream will naturally take in to account the supply of a chocolate flake too. In my previous example I was trying to suggest that the chocolate flake might have been an original option but, by the time you smashed your ice-cream in to a tree, it might have been promoted to a standard feature. Less confusing?

Hi Steve, I've never tried to explain it to a 5-year old... perhaps I should try with my 2nd-youngest (who IS 5) and see how I get on... here goes: If you buy an ice-cream (car) for £1.50 that should have been £1.80 (but you had a discount code from your box of Coco-Pops) then, when you'd only eaten half of that ice-cream (making it worth about £0.75p), you accidentally smashed it to bits on a tree that you were trying to run past, our super-heroes who really love ice-creams will help you out as follows: Batman (Invoice GAP) will aim to pay you the difference between the £0.75p that your remaining ice-cream was worth just before you smashed it in to the tree (the amount paid out by your motor insurer) and the £1.50 that you bought it for (the price you paid after discount). Meaning you can go and get another ice-cream for £1.50. Superman (Replacement GAP) will aim to pay you the difference between the £0.75p that your remaining ice-cream was worth and, the £1.80 full price of replacing it with another of the same ice-creams. If those ice-creams are no longer available and the nearest equivalent now has a flake in it and costs £2.00, he'll aim to pay you the additional £0.20p too! It gets a little more complicated though if you originally borrowed some of the original £1.50 from an evil villain like the Green Goblin, because he'll probably want you to pay him some of what you borrowed, back. In which case, you'd take the £0.75p that your ice cream was worth (paid out by your motor insurer) add it to the amount of money paid out by either Batman or Superman, then pay the Green Goblin back the amount that you owe him and the amount of money you're left with is yours to put towards the cost of buying another ice-cream. I hope this helps... though I fear this thread may now turn in to a debate about who's better: Batman or Superman!

Hi Col, Sorry... I'd assumed you'd known about us sponsoring this forum and therefore the discount we provide, yet decided to purchase elsewhere anyway. As the saying goes... 'you know what "assume" does....` (although clearly only me in this case :peek: ). Best wishes David

If you've bought a car in the last 12 months or are buying a new '66 plate car on/from September 1st, you need to consider GAP insurance. In the event that your vehicle is written off as a result accident, fire, theft, flood etc, your Motor Insurer will only pay you what they deem the vehicle to have been worth at the time of loss. GAP insurance steps in as follows: Invoice GAP Insurance (See here) Aims to pay the difference between your Motor Insurance payout and the greater of either: The amount outstanding on finance at the time of claim (if any), OR The original invoice price that you paid for the vehicle. Replacement GAP Insurance (See here) Aims to pay the difference between your Motor Insurance payout and the greater of either: The amount outstanding on finance at the time of claim (if any), OR The original invoice price that you paid for the vehicle, OR What it would cost at the time of claim to replace your vehicle with a brand new (assuming you bought the vehicle brand new) version of the same (or nearest equivalent) vehicle at the time of claim - even if the replacement vehicle costs more than you bought the vehicle for first time around. Our Prices: Our prices are up to 85% cheaper than those of a Motor Dealer and BRISKODA members get a further 10% discount! Cover Features: Available for new or used cars bought up to 12 months ago Available for cars bought for up to £150,000 Claim Limits of up to £100,000 available Durations of 1, 2, 3, 4 or 5 year Defer the start date (1-4 year policies only) by up to 1 year if you have New-For-Old cover with your Motor Insurer (read this first) No Cancellation / Transfer or Admin Fees if you need to make changes to or cancel your policy Daily pro-rata rebates if you cancel your policy early Upon expiry policies can be renewed for a further either 12 or 24 months Invoice or (superior) Replacement GAP insurance available for both new and used cars Replacement GAP insurance with "Invoice Price Protection" (in case the replacement price of the vehicle has fallen by the time of claim) Cash payouts (we won't force you to spend the amount paid out on any particular vehicle from any particular dealership) Use discount code "BRISKODA10" to save 10% See: www.gapinsurance.co.uk or call 01943 850999 for more details.

I notice your location Col - I live in Holmfirth myself which looks like it may not be too far from you :-) I regret that I lost your custom to a competitor but that's just the way the cookie crumbles some times... (though I would question the logic that the cheaper policy (presumably Invoice GAP insurance?) was the better cover option for you - this really shouldn't ever be the case). I'd be interested to know if you did at least consider us and if we could have done anything better and/or differently to have won your custom. In the meantime, for everyone else reading this... remember that as BRISKODA members we grant you a 10% discount off our full prices. We can provide both Invoice & Replacement GAP insurance for durations up to 5-years and we're pretty confident that the terms and conditions of our policies make them some of (if not THE) best available. Best wishes David