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Mind the GAP

Chris Knott Insurance

Approved Trader
Messages
382
I just wanted to highlight a product in the Chris Knott range that will benefit some members when buying a new or nearly new car.

Chris Knott GAP Cover is important if you'd like to replace your car with another one at the original value following a total loss claim. Highly competitive, this protection is likely to be vastly cheaper than your car dealer's equivalent offering.

What is Chris Knott GAP cover?
You may have heard of Finance GAP or Return To Invoice (RTI) GAP but Chris Knott's GAP is a combination of the best of both those worlds...

In the event of a total loss, your motor insurer will only pay you the market value of your vehicle at the time of the loss. However, you may have outstanding finance owing on the vehicle which is greater than that market value. In any case you'll get back less than you paid for, or owe, on the vehicle.

This insurance covers you for 3 years and pays you the difference between your motor insurer's payout and the outstanding finance amount OR the net purchase invoice price (WHICHEVER IS GREATER) so you can buy another car for the original value.

Low cost, high value
Cover starts at just £117.85 for 3 year's cover - that's about £39 per year for great peace of mind.

Even a £50,000 vehicle only costs £216.22!

Get a quote
See how affordable Chris Knott GAP Cover could be for you at https://www.chrisknott.co.uk/GAP/?ref=clubs or call us on 0800 917 2274.

best,
Nick

PS. Cover must be arranged within the first 90 days of ownership but is available for all vehicles less than 8 years old with less than 80,000 miles on the clock at the start of the policy.



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GAP Testimonials

"I've been with Chris Knott for quite a few years including both the XE and the previous XF, plus my other runabouts. Also insured modified cars with them in the past with no hassle. Got my GAP insurance through CKI as it was a lot cheaper than Jaguar's own quote and others, too. They've always been the best for service, speed and price..." Pete McK, JagInfo

"Just a quick one, covered my ST earlier with Chris Knott's GAP Insurance...it took me 5 minutes for a quote online and about 10 minutes on the phone to finalise. The lady I spoke to was great and managed to answer everything I asked..." titchytom86, FiestaST OC
 
Having just ordered a new car for 1st March delivery, GAP insurance is something I've been looking into.
Do you have any 25% discount codes to bring your online quotes down into line with most others I've been getting?

(ps. That's not ment to come across as arsey as it probably does. I'm not quite sure how else to phrase the question)
 
I bought mine from ALA insurance via the Honest John website, gives you 180 days to sign up.
Even if you get it after that there are companies who will insure the Glass's guide valuation at that point.

It is most definitely worth buying for a new car, I had an £20k, 11 month old special edition Mazda 6 written off a few years ago and the policy paid out the total invoice price including the GAP premium itself + £250 for the excess that I had already got back form the stupid old biddy who rammed her Jazz up my arse at a roundabout.
 
Having just ordered a new car for 1st March delivery, GAP insurance is something I've been looking into.
Do you have any 25% discount codes to bring your online quotes down into line with most others I've been getting?

(ps. That's not ment to come across as arsey as it probably does. I'm not quite sure how else to phrase the question)

What's your vehicle value?
 
What's your vehicle value?

£33k invoice, £20k gap, 3 year period, no finance.

As stated, I'm not meaning to be arsey. I've got a number of other cars including some fairly high end Italian exotica on specialist policies and appreciate that it's not always easy to compare apples with apples. However, there seemed so few variables with GAP policies that I was surprised at the spread of premium (I take for granted that the Dealer will offer me something daft when I pick up the car on Thursday) so was trying to plan ahead. I've not looked at GAP policies before so if I'm missing something then feel free to educate me. :)
 
Our price for that scenario is £216.22 because it's bracketed on the indemnity limit. So a £50k car would be the same price. You can get some cover that allows you to scale the indemnity limit and choose for yourself what you think any likely gap will be. As I said at the outset, ours will suit some but not necessarily all and worth investigating as part of your quote search.
 
Thanks. That’s the same figure I got when I filled in the same details on your quote page so it’s good to see I’m not making a mistake there. The reason for seeing if there was a 20-25% off code (I know some companies offer discounts to clubs / forums and I’m trying to “join in”) was to bring your quote into line with others for the same details. Everyday is a school day.
 
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