Recommendations for GAP Insurance
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Helicoptermanr22
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Re: Recommendations for GAP Insurance
It would be a confliction of interests and being two different types if ins cover i guess
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Tonibe63
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Re: Recommendations for GAP Insurance
Why can't they just insure the car for what it was bought for and adjust the premium to suit?Helicoptermanr22 wrote: ↑Sat Jul 17, 2021 9:29 am It would be a confliction of interests and being two different types if ins cover i guess
The control of 'value', excess, premiums and the resulting Gap is just a smoke screen to sell you 2 policies to make them more money.
Open your eyes and you see what is in front of you, open your mind and you see a bigger picture but open your heart and you see a whole new World.
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Richard Simpson Mark II
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Re: Recommendations for GAP Insurance
When I was in the motorcycle trade, I recall several 'difficult' conversations when bikes newly-purchased on Hp were written off...because the payout went to the finance company because they owned the bike.
The rider lost their insurance (because the write-off finished the policy), and the deposit, and anything else they'd paid for the bike.
I've always been keen to avoid finance on anything other than a mortgage since. If you can't afford the outright purchase, then get finance (ie a bank loan) that isn't directly secured on the asset.
The rider lost their insurance (because the write-off finished the policy), and the deposit, and anything else they'd paid for the bike.
I've always been keen to avoid finance on anything other than a mortgage since. If you can't afford the outright purchase, then get finance (ie a bank loan) that isn't directly secured on the asset.
