General International Registry
- Thread starter joeraz
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General International Registry
received a letter from these folks this week,,
they want cash for an insurance that pays out £2500 if my car is knicked & never recovered,, not sure if this would be on top of any monies you et from your own insurance,, maybe like a top up insurance so you can get a new one as replacment.
The ISR is a reputable sounding organisation, but tbh i'd be abit wary of paying out for things like this insurance. Youre normal car insurance should be sufficient.
However, on a similar note, I know GAP insurance has some negative publicity, but in the case of something like a new Evo (with potential heavy early depreciation), i'd guess GAP isn't a bad idea, as this does top up any payout by the insurance company to enable you to clear the finance if the car is valued at less than what is owed when written off.
I know some insurance co's will do a 'like for like' replacement, but i'm sure this is often limited to 12 months, so it is still possible for some people to get stung. For example if their car is 2 years old & written off it's quite possible the car would be worth less than what is outstanding on finance at this point aswell.
Generally i think the older a car gets, the less worthwhile GAP type of policies are, as the car is depreciating more slowly (usually) so any valuation is likely to be quite close to an amount owing on finance (depending on how good the loan & car purchase price was, ofcourse).
This was offered to me when I bought my car from them and still is available at £50 off, which at the full £300 is still cheap
http://www.fiatsupasaver.com/rti.aspx
Seems the best I have seen around!
http://www.fiatsupasaver.com/rti.aspx
Seems the best I have seen around!
That seems reasonable for a brand new car. I've got something similar on my Stilo, which i probably don't need as it's depreciating slower than the loan is going down. But at the time (Sept 2008) i didn't know used prices were gonna hold up as well as they have on diesel Stilos.
Id certainly pay that SuperSaver price for a new car on finance. It's not like the horrific amounts that companies used to charge for GAP, as it was/is sometimes called.
Id certainly pay that SuperSaver price for a new car on finance. It's not like the horrific amounts that companies used to charge for GAP, as it was/is sometimes called.