GAP Insurance - to buy or not to buy

I'm sure I'm not alone when it comes to this...but why didn't I take GAP insurance???


Well I bought the car before I worked in the Motor Industry and I honestly thought I would never need it (famous last words). Surely it was just another ploy by the motor dealer to try and lift my leg and get even more cash out of me?


Maybe so, I'm sure the dealer would have made a healthy commission out of it and at the time £250 seemed a bit much to lay out when I was already pushing an already stretched budget.


£250 is beginning to look like small change now though! Four weeks ago whilst on a drive out with the family, the car traveling towards me turned across my path causing a big, big collision. 2 Fire engines, 2 ambulances, 2 traffic police, 1 paramedic, 1 closed road, 5 hours on a spinal board, 1 fractured sternum, a dozen bruises, 20 boxes of pain killers later and then, to top it all off a bill for £2700 to cover the shortfall on my car!


Eh....but it wasn't my fault, surely, yea if I had caused the crash I could understand...BUT IT WASN'T MY FAULT.


Doesn't matter sir they said, shortfall is an uninsured loss and is only covered by GAP insurance..awe rollocks!


No matter how much I plead, it is just tough!


So if you are selling your car and buying a new or nearly new car, I strongly recommend stretching that little bit further for either shortfall cover or return to invoice cover....as it could be some other idiot on the road that results in you been £2700 out of pocket.


If you are selling your car, or part exchanging your car try and get that bit extra cash for your car to help pay for GAP Insurance.