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GAP Insurance

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11/11/2007 6:02:48  

Posts: 58
Since: 23/9/2007
Status: offline 		I'm having trouble getting this for a Maserati, it seems that insurers are uncomfortable with them
(along with Ferrari, aston Martin etc). This seems strange because the risk amount isn't that great.

Does anyone know why this is? Are Mazzers more quickly written off than, say, Porsches (which
aren't cheap to repair).

Also, any idea of a good company that supplies it for Mazzers would be helpful,

Regards
Peter

_____________________________

Peter

GTA 3200
911 997 C2S
11/11/2007 11:29:28  

Posts: 484
Since: 16/1/2007
Status: offline 		Well i've had no problems with quotes either last year when I bought the car or this  year when I actually changed.
Direct line NP, old farts like me SAGA were cheapest this year, you could try Adrian Flux. Go to  compare .com and youll hit many insurers with one form.


_____________________________

"I only ever use half throttle - the bottom half" A J Foytt to a journalist commenting on his "sprint car experience"
11/11/2007 11:47:46  

Posts: 775
Since: 19/8/2007
Status: online 		IMHO, GAP cover is money for old rope. As Ottarr has said, simply get a good, cost effective policy from the usual culprits,  making sure you specify an Agreed Value policy. Not all offer this but some do.

hope this helps 
11/11/2007 16:12:49  

Posts: 58
Since: 23/9/2007
Status: offline 		What I'm looking for is GAP insurance - I've got car insurance.

What it covers is:

Day1:   Buy car for 20K
Day2:   Car crashes into the back of you while you are waiting to go at a roundabout
Day3:   Settle with the Insured insurers who total loss the car, make a passimistic
          evaluation of the car - and give you 80% of that.

So at best you can expect to get 16K - no curtesy car for a total loss - no car.

For the sums involved, you can get quotes of about 200 pounds for 3 years cover
for return to invoice GAP (which means you should always get 20K if the car is
written off in that time). Having been hit twice in the last year or so, this is 200
well spent.

But, in every policy I've seen so far, the following clause is typical:

We cannot cover vehicles:
Manufactured by any of the following companies: Aston Martin, Bentley, Bristol, Cosworth,
De Tomaso, Dorchester, Ferrari, Ginetta, Lamborghini, Maserati, Rolls Royce or Lotus.

So I'm afraid I'm not seeing the old rope

_____________________________

Peter

GTA 3200
911 997 C2S
11/11/2007 17:46:15  

Posts: 775
Since: 19/8/2007
Status: online 		As I said, get an "Agreed Value" policy then no matter who hits you, you claim on YOUR policy for full value insured and let your insurers worry about the subrogated recovery from the other muppet's company, which they WILL get.

No matter how good a pilot you think you are, floods / falling trees / fire / theft do happen and there is no-one else to claim from in these circumstances is there? As I said, Agreed Value = Agreed recovery.

Hope this helps
11/11/2007 20:01:29  

Posts: 624
Since: 22/10/2007
Status: offline 		I'm with Classicline and the Maser is insured as a 'Future Classic' which means I can get an agreed value on it. However, in order to be a 'Future Classic' it must be over 5 years old and 5k miles a year max. However, it does for me!

_____________________________

Lewis

4200GT - Nettuno with tan
Aston Martin DB7 6.0 Vantage Volante
Marcos Mantula GTSpyder 4.6
Lotus Turbo Esprit S3 2.2 - almost finished!
Jaguar S-Type 4.0
11/11/2007 20:09:21  
 

Posts: 94
Since: 20/6/2007
Status: offline 		If you don't mind me asking how much does the insurance with classic line cost?

I do well under 5k a year and a 3200 GT AC is definitely a future (if not now) classic so it might be worth a look for me.

_____________________________

There is no upper or lower class merely those that have class and those that don't.
11/11/2007 20:12:09  

Posts: 624
Since: 22/10/2007
Status: offline 		£490 with 24k agreed value.

Yes, a 3200GT would certainly rate as a future classic! My Scirocco did ;o)

_____________________________

Lewis

4200GT - Nettuno with tan
Aston Martin DB7 6.0 Vantage Volante
Marcos Mantula GTSpyder 4.6
Lotus Turbo Esprit S3 2.2 - almost finished!
Jaguar S-Type 4.0
12/11/2007 1:12:24  

Posts: 777
Since: 20/9/2006
Region: Sheffield
Status: offline 		I use Lombard and have done for a long time, all the cars/vans i buy i take the Gap insurance it costs £8 per month for the duration of the finance. I think the only rule is that the car has to be less than 10 years old
12/11/2007 4:29:47  

Posts: 58
Since: 23/9/2007
Status: offline 		Thanks Steve, I'm finance indirectly with Lombard, so I'll contact them and ask them if they
do Return to Invoice GAP.

Nigelo, what you are proposing is OK, but its not what I am looking for: Cover for the invoice
value for 3 years.

_____________________________

Peter

GTA 3200
911 997 C2S
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