GAP insurance

on_the_virge · 01-09-2019, 04:18 AM

Morning

Quick question - in the event of a non fault total loss would GAP cover the balance of the insurance premium that is being deducted from the insurance co settlement figure? I am presuming not but thought I would ask.

Cheers
Virge

Ps this is not for myself thankfully

BMWDavid · 01-09-2019, 04:26 AM

https://www.bmwusa.com/financial-ser....html#!/BMWGAP

Hope this helps!

doncarlyon · 01-09-2019, 04:27 AM

Best check the gap insurance policy.

AdmiralGant · 01-09-2019, 05:07 AM

Definate no I'm afraid, there is no loss as such as you agreed a contract of motor insurance over a 12 month period and from day one that was the premium for the contract. The policy will always state all the premium is due if a loss occurs.

What your insurer should allow however is for you to put a new vehicle on your existing policy until renewal arrives, with just a change of premium if the car differs etc.

01-09-2019, 04:18 AM	#1
on_the_virge Lieutenant 286 Rep 506 Posts Drives: Ex M140i.....to be replaced Join Date: Apr 2016 Location: Sheffield iTrader: (0)	GAP insurance Morning Quick question - in the event of a non fault total loss would GAP cover the balance of the insurance premium that is being deducted from the insurance co settlement figure? I am presuming not but thought I would ask. Cheers Virge Ps this is not for myself thankfully __________________ Incoming BG X3 M40i
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01-09-2019, 04:26 AM	#2
BMWDavid 435 Rep 860 Posts Drives: MSport F30 Join Date: Apr 2006 Location: BMW Secret Test Facilities iTrader: (0) Garage List 2011 BMW M3 Sedan [0.00] 2005(sold but not f ... [10.00] 2006 X3 [0.00] 1984 633csi [0.00]	https://www.bmwusa.com/financial-ser....html#!/BMWGAP Hope this helps! __________________
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01-09-2019, 04:27 AM	#3
doncarlyon Captain 258 Rep 757 Posts Drives: Megane RS 300 Trophy Join Date: Aug 2018 Location: Newcastle Upon Tyne iTrader: (0)	Best check the gap insurance policy.
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01-09-2019, 05:07 AM	#4
AdmiralGant Private First Class 58 Rep 124 Posts Drives: M340i saloon Join Date: Aug 2015 Location: Suffolk iTrader: (0)	Definate no I'm afraid, there is no loss as such as you agreed a contract of motor insurance over a 12 month period and from day one that was the premium for the contract. The policy will always state all the premium is due if a loss occurs. What your insurer should allow however is for you to put a new vehicle on your existing policy until renewal arrives, with just a change of premium if the car differs etc. __________________ M340i saloon, mineral grey, comfort plus pack, driver assistant pro pack, HK sound, mineral grey Also drive BMW Z4 S Drive 23i Auto, Suzuki Jimny JLX+
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