Bigbangman Posted June 17, 2021 Share Posted June 17, 2021 Hi, Does anyone know if you can get Motorhome GAP /RTI policy on a new A Class circa £150k. Looks like most cap it much lower thanks Link to comment Share on other sites More sharing options...
crocs Posted June 17, 2021 Share Posted June 17, 2021 I’ve never bought GAP insurance personally, so can’t advise on company. But are you sure you actually need it? Any policy I’ve had on a new vehicle has included a ‘replacement with new’ clause for the first two years. So, GAP insurance was superfluous. Link to comment Share on other sites More sharing options...
Bigbangman Posted June 17, 2021 Author Share Posted June 17, 2021 Not sorted insurance yet, would be hoping for replacement in at least first year. Just looking to cover all bases for a few years after that. Regards Link to comment Share on other sites More sharing options...
Derek Uzzell Posted June 18, 2021 Share Posted June 18, 2021 This company offers motorhome GAP insurance. https://www.ala.co.uk/gap-insurance/motorhome There are 2 potential snags. The motorhome’s gross weight must not exceed 3500kg and (based on this link’s information) https://www.nerdwallet.com/uk/gap-insurance/return-to-invoice/?adgroup=107111981983&campaign=11056634046&usersource=googleppc&gclid=EAIaIQobChMIoN-L2b2g8QIVkcLtCh3AUgSjEAAYAiAAEgKVofD_BwE there’s a £124,999 vehicle-value maximum. This Honest John webpage also advises on the subject https://vans.honestjohn.co.uk/cheap-gap-insurance-for-camper-vans-and-motorhomes/ Link to comment Share on other sites More sharing options...
Bigbangman Posted June 19, 2021 Author Share Posted June 19, 2021 Thanks for the reply. I fail on both counts, 4800kg and over £124k, whilst I can see some available at 5000kg I can’t find any that accept higher value ! Regards Link to comment Share on other sites More sharing options...
Conrad Posted June 20, 2021 Share Posted June 20, 2021 Sorry, but what is GAP /RTI insurance? Link to comment Share on other sites More sharing options...
Derek Uzzell Posted June 21, 2021 Share Posted June 21, 2021 GAP insurance protects you when you make an insurance claim and receive a payout that’s less than the cost or value of the vehicle when you bought it. It will pay you the difference so you don’t lose money. It’s mostly associated with new vehicles, although you can also buy GAP insurance alongside a second hand vehicle under seven years old – after this the vehicle is deemed old and insurance companies will not cover the gap. There are three main types of GAP insurance, all of which will effectively top-up the money you receive from your vehicle insurer. 1: Return to invoice (RTI) Return to invoice cover pays the difference between your vehicle insurer’s maximum or ‘total loss payment’ and the exact price you paid for the vehicle. 2: Return to value (RTV) Return to value cover pays the difference between your insurer’s maximum payment and the value of the vehicle when it was new. This cover is aimed at vehicle owners who bought their vehicle secondhand. 3: Vehicle replacement cover (VRC) Vehicle replacement cover pays the difference between the insurer’s total loss payment and the cost of replacing it with a new vehicle of the same model, make and specifications. This cover works for drivers who want to replace their vehicle with a new model - it saves you from having to pay the difference if a like-for-like new vehicle has become more expensive than what you originally paid. Other variations on the GAP insurance theme are designed to clear your outstanding debt if you bought the vehicle with a loan, or if you have entered into a leasing contract which leaves you with outstanding financial commitments. Link to comment Share on other sites More sharing options...
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