So you have just bought a car why do you need BMW gap insurance?
We constantly monitor the Internet and read all lots and lots of blogs and so called expert points of view. I don’t like to say it but there is alot of miss- information and conflicting points of view. Different suppliers call gap insurance different things, different claim limits, who is qualified, wow it can be really confusing.
But BMW gap insurance does not habe to be like this !
Gap insurance is just like anything else. Before you can make an informed choice you need to get all the facts.
Remember BMW gap insurance is not just for people who have taken a form of finance.
The concept of gap insurance is really very easy. Your car, yes you new prized possession will loose money. Sorry it is a fact of life. Your own motor insurance company will only pay you the market value of your car on the day it is written off and not how much you paid, how much you have outstanding on finance or even how much it will cost to replace the car.
So before you make up you mind just answer one question.
Could you or do you want to write a cheque to pay the difference between your insurance companies settlement and the cost of a new BMW?
If you can and don’t mind then yes BMW gap insurance is not for you.
Even if you are lucky enough to have that much money in the bank if like most of us you would rather not have to then why not get a BMW gap insurance quotation and make you own mind up. If you buy from an independent gap insurance broker on-line you can usually find the same if not more comprehensive levels of cover at a fraction of the cost. Literally up to 85 % less.
To help you pick the right BMW gap Insurance for you to consider you need bear in mind how you paid your your BMW ans also exactly what you want you policy to do should you even need to make a claim.
Did you buy your car on contract hire ? Do you want your BMW gap insurance policy to simply pay the difference between your car valuation and clear any outstanding finance? – OK well you need to consider finance gap insurance.
Do you want to protect the money you have paid for the car on the invoice ? Do you want your BMW gap insurance to pay the difference between you invoice price and the valuation on the day it is written off?- OK you need to consider a form of return to invoice gap insurance.
Do you want your BMW gap insurance policy to physically replace the car for you on a like for like basis? – OK you need to get consider vehicle replacement insurance.
With online gap insurance prices from as little as £39 for one years cover why not get a quotation and decide for yourself? So get a quote, read the policy and decide for yourself.
Fact BMW gap insurance is an excellent way of protecting your investment even if you have paid cash!