Motor home’s can be very expensive and when you consider the cost that older motor homes are still being sold for you may think that it is not worth even considering Gap insurance but you would be wrong.
I have just searched for an Auto Crusie Star Spirit 2 berth. ( Fantastic value) The cheapest I could find on the Internet was on special promotion for £37995 instead of the usual price of just over £41,231.
I have then just searched for used models and prices ranged on average from £20,000 to £25,000 ish.
This means that whille your motor home may not depricate as quickly as the average car or vehicle it will still lose value over time.
In some cases your motor home could lose up to 35 % in the first three years alone.
This means that if you motor home was written off it could cost you thousands and thousands of pounds.
Remember that your own motor insurance company will only ever pay you what you motor home is worth on the day it is written off. This could be thousands and thousands of pounds less than you paid.
Gap insurance can protect you against this loss, in fact depending upon which level of cover you choose it can either clear outstanding finance, return to you to invoice price or even replace your motor home. Most policies will only cover motor homes up to a maximum weight of 3500kg so check the weight of your motor home before you buy.
With on line gap insurance policies for your motor homes a fraction of the cost of main dealership prices why not get a quotation and make your own informed chocie as to which level of cover if any is best for you.
After all you are the important person here and o make an informed choice you need all the information and motor home costings.
Remember that it is your Motor home, you money and your choice.