Originally posted by WTFH
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Gap insurance - worth getting?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Gap insurance - worth getting?"
Collapse
-
Is it a genuine German Merc, or is it made in eastern Europe in some other factory?
Leave a comment:
-
Originally posted by Old Greg View PostGiro? His cracked pavement compo cheque came through.
Leave a comment:
-
Originally posted by psychocandy View Post
Leave a comment:
-
Originally posted by Platypus View PostWho did you use? I also need GAP insurance now.
Leave a comment:
-
Originally posted by Yorkie62 View PostWhy not get your car insurance provider to provide it. NFU new car cover has a new replacement for the 1st 2 years. Saved me £499 that the dealer wanted.
Brain the size of a planet and I still have to communicate with morons
Sent from my iPhone using Contractor UK Forum
Leave a comment:
-
Originally posted by Platypus View PostWho did you use? I also need GAP insurance now.
Brain the size of a planet and I still have to communicate with morons
Leave a comment:
-
Originally posted by northernladuk View PostBrave!
Leave a comment:
-
Originally posted by Platypus View PostWho did you use? I also need GAP insurance now.
Leave a comment:
-
Yeh can get for £135. Lease company quoted £299. Nice little extra earner for them I guess.
Leave a comment:
-
Ah, admittedly did not consider the theft angle (which perhaps I should have considering I currently live in Crawley, where cars quite often get pinched!).
I don't think insurance companies have an obligation to check if a product is suitable - if you buy two car insurance policies, for example, they don't check on MID to confirm the car is not insured elsewhere. (Although if you made a claim it would be different, and you'd probably have the latter policy declared void and your premiums refunded).
In the case of GAP, even if you're getting new for old replacement, it is still providing different cover - it'll make up the shortfall in Y2 (and probably Y3 depending on the finance deal if required) - so there's an argument to say new-for-old + GAP complement each other.
My approach isn't for everyone - I am very risk tolerant. My life insurance wouldn't get close to paying off my mortgage, and I don't have any other insurances except motor, home, contents and travel, but I contribute allowances into S&S ISA as a sort of self-insurance... Working in insurance for the last 11 years has made me very sceptical. I insure for the big crises, and obviously where you're obligated to, but happy to take on a bit of a risk for increased savings.
Leave a comment:
-
Originally posted by psychocandy View PostSeems to be. BUT isn't it up to individual to check their standard policy to see if they have new vehicle replacement?
Its like saying an insurer shouldn't sell you buildings insurance because you bought a combined policy the week before and didnt check.
In my instance here, its lease so not so clear...
It's good having these reasonable discussions, you actually learn things rather then just shouting and verbally abusing each other.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: