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post #1 of 4 (permalink) Old 23-11-2016, 22:18 Thread Starter
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Beware Car Insurance Cover on new cars......

Hi all,
I've just taken delivery of a new MG3
As a consequence, I've been looking at the small print on my AA car insurance policy, in conjunction with Gap Insurance policies. I did think that, in the event of a write-off or loss (theft) in the first year (actually 13 months with the AA) then the AA would replace the vehicle on a like-for-like new for old, so long as the repair costs 60% or more of the new car list price. Until I found this, purely by chance:

blog.gapinsurance.co.uk/index.php/2015/0...f-new-for-old-cover/

- at which point I read the small print on my AA policy again. And strangely they don't make clear at what point (with respect to market value) they declare a car to be a write-off.

Basically, it is possible for your new car to be declared a write-off, yet still not qualify for the "new for old" clause. It could leave you very out of pocket. I've emailed the AA to seek written confirmation of their "write-off" policy.......

The bottom line is that it could be (probably is) very wise to start a Gap Insurance policy from Day One, rather than defer it for 12 months in the belief that the standard Car Insurance Policy will provide full cover in the first year.
HTH
Brian
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post #2 of 4 (permalink) Old 24-11-2016, 20:28
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I have a gap insurance on the new L200. 40 more on top of the 650. Guess that will be going up again when the insurance premium tax increases to 12%.
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post #3 of 4 (permalink) Old 24-11-2016, 22:42
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I have gap insurance on my MG6TSE but it ends on Tuesday. The car is five years old and I have owned it for four years. A year ago they extend my 10k gap insurance for 100 to cover the last year.

I don't see them offering to extend it for another year. Would be nice if they did. I paid 10k for the car and it is now at 47k miles.
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post #4 of 4 (permalink) Old 25-11-2016, 09:09
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Quote:
Originally Posted by new160 View Post
I have gap insurance on my MG6TSE but it ends on Tuesday. The car is five years old and I have owned it for four years. A year ago they extend my 10k gap insurance for 100 to cover the last year.

I don't see them offering to extend it for another year. Would be nice if they did. I paid 10k for the car and it is now at 47k miles.
A plan insurance do a product that can be used on any age car/van. It is an insurance which will add between 10% and 25% on top of a write off final settlement.
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