Month: December 2011

Does Gap Insurance Cover if?

We are asked a variety of questions regarding Gap Insurance, and this is simply because it if a little known and often misunderstood type of insurance. Like any type of insurance, Gap cover has terms and conditions, otherwise known as the ‘small print’ . It is often enough to make anyone break out into a cold sweat! However, Gap Insurance is a relatively ‘black and white’ type of insurance, as it relies on one fact to become valid, has your vehicle been written off by your insurer or not? Once that has been established, then your potential Gap Insurance claim can be assessed and settled. Does my Gap Insurance cover me if…… Nearly every possible variant of this question can be answered in the same way, Yes, Gap Insurance does cover you as long as your own motor insurance does. So if you are asking ‘does my gap cover me for theft of keys? ‘Does my Gap cover me for being drunk behind the wheel?’ ‘Does my Gap cover me for driving abroad?’ All these questions can usually be answered by checking your own vehicle insurance first. Of course they may be exceptions to these criteria, however generally speaking a good Gap Insurance policy from a reputible insurer should certainly cover your if your own insurance cover you too. Gap Insurance is like any other insurance! That simply means...

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The Pros & Cons of Deferred Gap Insurance

I talk to hundreds of customers everyday who think that they have new for old style complimentary cover on their own motor insurance and want deferred Gap insurance. Deferred Gap Insurance can be a good thing but like everything it will have pros and cons. Deferred Gap Insurance pros.. Not paying for double cover Cheaper Deferred Gap Insurance cons… Not all motor insurance companies offer the new for old style of cover Some companies will have mileage restrictions Some Comapies will have other terms on conditions OK so just two pros and three cons deferred gap insurance you would think may not be all it is cracked up to be. Far from it if you have checked with your own motor insurance company and they do offer new for old in the first 12 months why shouldn’t you take a deferred option. After all the insurance industry is very heavily regulated and this means that your insurance company will have to stand by any terms and conditions that they have committed to. In fact I have just spoken to an elderly doctor who has just bought a new Toyota Yaris. His insurance is due for renewal in February and he as just had an email to confirm that when he renews his policy he will be given 12 months free new for old style gap insurance cover. He has...

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Contract Hire? Operation Lease? Personal Contract what?

So you are buying a vehicle on contract hire. Are you sure it is contract hire? I speak to customers day in day out who call and contact us to get a contract hire gap insurance quotation, yet within a few seconds it becomes apparent that the vehicle is not being bought on contract hire. So why is this so important how you buy your vehicle and what is the difference. There are some basic rules of insurance. One rule roughly interpreted means is that what ever type of insurance you buy you can not be in a better position had you where before the claim. If you have bought your vehicle contract hire you can never own the vehicle and at the end of the contract you must hand the vehicle back. Because you can never own the vehicle you can not protect it being written off as it was not and could never be yours to protect. Instead you can simply protect yourself against any financial shortfall. OK nice and easy so far. If I can never own it I can never benefit from it no longer being there. No problem. Well yes there should be  no problem however each finance company calls their  finance packages different things and it can be very confusing. So we know what Contract hire is but what about.. Personal Contract Purchase Personal...

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Winter is already here for some part of the UK

Christmas is coming and we all have memories of the last years harsh winter. The met office has already issued weather warnings in many parts of the UK. It does not seem that long ago that the country was ground to a halt with snow. The images of queues of traffic stuck on motorways for hours. Abandoned vehicles and airports. I still shudder when I think of a near miss I had last winter when by 4×4 would not  stop and skidded into a bust T junction at rush hour. A very busy city centre T junction at 5.45 pm. No I was not speeding I had been driving at less than 10 miles per hour.  Black ice. I was very lucky, Very Very lucky. Saying that by the number of car horns and shouting not everyone was that happy. But it is too easy to forget that your car can be a very dangerous piece of machinery and just like you it has to be fit and ready for winter conditions. So before the winter really sets in why not get your car checked battery, brakes, thermostat heater. Check your local garage as some offer a free winter health check. Its not a service but they will check the very basic items. Your tyres those small bits of black rubber are even more important in winter weather as they...

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Jeremy Clarkson Outrage or Mega Marketing?

Jeremy Clarkson is know for his forthright, outspoken attitude. Millions of us tune in each Sunday to see Top Gear which is now more about the antics of Clarkson and his partners in crime than the cars.  It is after all an entertainment show. The show’r right are sold all over the world and net the BBC Millions. That said Clarkson appreared on the BBC’s One show to promote his new DVD and has parked a public uproar. His comments about suicide and public sector strikes where certainly over stepping the boundaries and at best upsetting and distasteful. But you can not switch on a computer, log on to a message board or watch TV without seeing Jemery’s name. So was this all just a mega marketing poly by Clarkson and his marketing team? Christmas is quickly approaching and the sales of DVD’s and associated marketing is big business. Really big profitable  business. Celebs and media moguls and marketing companies all vying for our attention and ultimately our hard earn cash. So was this outburst a twist on the old ” no publicity  is bad publicity” adage? No I don’t think so I think that in this case Mr Clarkson simply over stepped the boundaries of good taste for pure shock comic value and to get a response. After all no-one could ever say those comments and really mean...

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