Good to see I’m not the only one who has good taste lol. I have a Jaguar XFR, had it from new and took dealer GAP but they did it cheap so I just agreed. I also have my MX5 and am getting the M140 Thursday. No gap on the MX5 it was a low value used purchase (got a 30,000 mile mint 66 plate with a new factory fitted roof and roll hoops fitted the month before I took it for £10,450 because that was what the guy was offered as a part exchange), but the M140 stands more of a chance of being stolen, I won’t let that put me off having what I want tho. I still think I’ll drive the Mazda 90% of the time if I’m honest. It’s soooooo nice to drive.
A chap at work had a Civic typeR stolen about 6 years ago, taken from his drive with keys taken from his house. He paid around £30,000 for it from memory when new, after 3 years when it went his insurance paid him around £14,000 and his gap simply paid him the remaining £16,000 no problem so he had a full £30,000 in his bank again. He has left now so I can’t ask who he used.
So now I am looking at paying £237 for a 5 year policy, return to invoice, excess covered up to £500, and they state that so long as your own insurance pay out then so will they. They get good reviews online but I don’t always trust those reviews. Better to ask on a site like this imho.
So as far as I can see anyone who doesn’t take gap insurance needs their head looking at. It’s like saying it don’t want to pay £47 a YEAR to guarantee I get that extra £16,000 in the event of a claim. How is that a credible thought process??