Just had an email reminder that my car is approaching 180 days old, when I bought it new I transferred the remainder of the existing S3 GAP policy over to it. Obviously as I'm keeping this car longer then that original policy last for, I've had to renew it.
So basically I'm now covered until this car is 3 years old (end Oct 2020), cover will pay out the difference from what my normal insurance would pay if the car was a total loss to the list price of a new car with the same spec. The added bonus is that I don't have to have the same car, they just pay the difference from insurance pay out - list price, so anything left over after you have paid off any finance left on the car can be put to any car you want
I don't want anything to happen, but if it were to happen I'd be quids in, as I got 21.4% off the car, yet they'd pay out as if I'd got nothing off Cost for cover was £156.40...well worth it.
So basically I'm now covered until this car is 3 years old (end Oct 2020), cover will pay out the difference from what my normal insurance would pay if the car was a total loss to the list price of a new car with the same spec. The added bonus is that I don't have to have the same car, they just pay the difference from insurance pay out - list price, so anything left over after you have paid off any finance left on the car can be put to any car you want
I don't want anything to happen, but if it were to happen I'd be quids in, as I got 21.4% off the car, yet they'd pay out as if I'd got nothing off Cost for cover was £156.40...well worth it.