Not joined yet? Register for free and enjoy features such as alerts, private messaging and viewing latest posts and topics.
GAP insurance - worth it?
GAP insurance - worth it?
Having just bought the 4.8 recently, I've been offered BMW gap insurance - never taken these additional insurances before, is it worth it? BMW are offering £10K gap insurance for 3 years for about £260, I'll take it if its sensible but what do you all think?
X5 2005 Le Mans Blue 4.8is
Fully loaded but Now semi-retired!
X5 2012 Alpine White 40d MSport 21" style 215 black alloys, rear entertainment, media package, comfort seats and a load of other options.
Fully loaded but Now semi-retired!
X5 2012 Alpine White 40d MSport 21" style 215 black alloys, rear entertainment, media package, comfort seats and a load of other options.
Re: GAP insurance - worth it?
I paid something like that for 3 years for my M as well, and took it. My gap amount was bigger though - i.e. 20k. After 3 years, my M was supposed to be worth about 25k so the difference would have been covered.
Did not need it, but for the small amount and the huge coverage I thought it was worth it.
I checked on excess for insurance for example, and to recude an excess by £500, the premium was another £100 or so. That to me was a high premium for such a low cover (i.e. £100 to cover £500), but in case of shortfall you pay £260 in your case to cover £10k. To me that is not a bad insurance value.
Did not need it, but for the small amount and the huge coverage I thought it was worth it.
I checked on excess for insurance for example, and to recude an excess by £500, the premium was another £100 or so. That to me was a high premium for such a low cover (i.e. £100 to cover £500), but in case of shortfall you pay £260 in your case to cover £10k. To me that is not a bad insurance value.
X5M F85, Golf Clipper, Abarth 595 Competizioni, Jeep
911 50th anniversary -
Site & Forum Admin Team Member.
911 50th anniversary -
Site & Forum Admin Team Member.
Re: GAP insurance - worth it?
Its not bad at all really Condor... remember that not all accidents happen when you are driving (dustbin man might wipe it out this winter) and you would end up losing. At least with this you have peace of mind...
Turks.
Turks.
Present:
2018 (18) F85 X5M - Donnington Grey
Past:
2014 (14) F10 M5 - Monte Carlo Blue
2004 (54) E53 X5 4.8is - Sapphire Black
2018 (18) F85 X5M - Donnington Grey
Past:
2014 (14) F10 M5 - Monte Carlo Blue
2004 (54) E53 X5 4.8is - Sapphire Black
Re: GAP insurance - worth it?
I think I'll take it, will call them up when they're next open. Peace of mind, as you say, which is why I stayed with BMW main dealer to buy the 4.8 in the first place. Its small change in terms of BMW ownership anyhow!!!
X5 2005 Le Mans Blue 4.8is
Fully loaded but Now semi-retired!
X5 2012 Alpine White 40d MSport 21" style 215 black alloys, rear entertainment, media package, comfort seats and a load of other options.
Fully loaded but Now semi-retired!
X5 2012 Alpine White 40d MSport 21" style 215 black alloys, rear entertainment, media package, comfort seats and a load of other options.
Re: GAP insurance - worth it?
Before you go ahead try the autotrader site for a quote 
Current 2010 BMW X5 40d Msport E70FL 2014 BMW 435d Cab 2016 Mercedes Vito 119 Sport LWB
