Car Insurance That Gives Book Price Should Anything Happen

[dieseldick]

i have heard you can buy a type of car insurance that gives you original price you paid for car if it was say , written off or destroyed by flood, fire etc .

any advice or link ? thanks

[furrypusscat]

There's GAP insurance when you buy a new car. If your new car is written off within stipulated time, then the GAP insurance covers the difference between your normal insurance offer and the purchase price. It is quite costly but you have it as an extra cover in addition to your normal insurance.

Other than that, I can only think of classic car insurance which pays out on an agreed value that they say your car is worth which you have to produce up to date photos and history. Book price would be much less than the agreed value as it would probably be scrap value.

Don't know of any other.

[soapnumpty]

Some car insurance policies include a 'Replacement as new' extension which will pay the value of the car as new if it is under 18 months old and written off or stolen and not recovered.