anyone had any dealings with gap insurance ,i thought the idea was they made up what your insurance company offered you; to make it to what you paid for car in the time its covered by gap.my mates daughters car was written off, she tried for gap to make it back to what she paid but they have recalculated it a great deal cheaper than what she paid for it the insurance settle with her but gap wont make it up,i took gap on my new vrs and the way i was sold it by the garage was it would settle any difference

anyone had any dealings with gap insurance ,i thought the idea was they made up what your insurance company offered you; to make it to what you paid for car in the time its covered by gap.my mates daughters car was written off, she tried for gap to make it back to what she paid but they have recalculated it a great deal cheaper than what she paid for it the insurance settle with her but gap wont make it up,i took gap on my new vrs and the way i was sold it by the garage was it would settle any difference

It depends what type of gap insurance you took from your garage. In most coses your garage will offer you a form of gap insurance called combination return to invoice. What this is supposed to do is to pay the difference between your VRs valuation on the day that it is written off and either the invoice price or the amount outstanding on finance which ever is the greater. IN fact most people now buy on line. Type gap insurance into google.

The best thing to do is to talk to both insurance companies as they will in most cases be valuing your friends car using the same guides. Push them both in terms of pay out and you will be amazed at the difference. Both insurances should work from the market value on the day that the vehicle was written off so there should be no problem. In fact the government regulate the sale of gap insurance and all insurance companies should be committed to treating customers fairly.

Edited 6 July, 201115 yr by MrsV