Member Since: 06 Sep 2014
Location: South Buckinghamshire
Posts: 101
Additional Insurances Offered
Just wondered what peoples thoughts were on the additional insurances offered by the dealer and/or available independently?
Total Loss Cover - ensures that you get full value of vehicle in a write off 3ry/25k (£499)
Complete Wheel Protection - damage to tyres, punctures and damage to alloys covered 3yrs (£399)
Minor Damage Protection - chips, scratches and minor damage covered without claiming on main insurance or having to pay an excess (£399)
The other one not really an insurance but a 'protection'?
GuardX Paint and interior protections - think the interior is like Scotchguard and the exterior some additional coating protection (RainX type? not sure) (£415)
Just wondered if anyone had them, had experience with their effectiveness and ease of claims?
SteveSteve
D4 My15 SDV6 HSE Kaikoura Stone - Coming this week maybe...
D1 My97 300tdi ES Aintree Green - long gone
Changed the country flag ready for next week...
8th Sep 2014 7:54 am
Discotres
Member Since: 25 Jan 2010
Location: London
Posts: 8491
All money making cr@p, never had any of it so looks like I saved a fortune
8th Sep 2014 7:57 am
DSL Keeper of the wheelie bin
Member Since: 11 May 2006
Location: Off again! :-)
Posts: 73085
+1. Plus if it's a LR dealer flogging them you'll be able to get them elsewhere at way cheaper. Nice money spinner for them.
8th Sep 2014 8:01 am
110CSW
Member Since: 19 Oct 2005
Location: Scotland
Posts: 796
Don't understand why you would buy any of them. Insurers only offer products that make them money so you would need to be more unlucky/a worse driver than the average for the policies to make sense.
FWIW most car insurance policies replace the car with a new one in the first year or with some it is two years.2014MY Discovery
8th Sep 2014 8:05 am
Scarab
Member Since: 11 Jun 2011
Location: Hastings
Posts: 1283
Personally I go for the total loss cover on any cars I've bought in the past 3 years.
Depreciation is just too much and I've had 2 friends suffer badly from this recently.
One bought a Ford Fiesta for his son, paid £12k for it, got written off within the first 5 months and was only offered £8.5k from the insurance.
Second was a colleague who bought a Merc E Class and it got written off within 8 weeks, he lost nearly 7 grand on it.
8th Sep 2014 8:15 am
110CSW
Member Since: 19 Oct 2005
Location: Scotland
Posts: 796
...but if he lost £7k on a Merc then the offer has to reflect what you can go and buy a used one for so he should have been able to go on the Merc used car site and find the same (ish).
Is it strange that my insurance policies offer new replacement?2014MY Discovery
8th Sep 2014 8:18 am
DSL Keeper of the wheelie bin
Member Since: 11 May 2006
Location: Off again! :-)
Posts: 73085
Mine does as well, on new cars though.
8th Sep 2014 8:20 am
Discotres
Member Since: 25 Jan 2010
Location: London
Posts: 8491
All insurances I have had over the last 10yrs or so have included total loss cover within the first 12mths at least, I think you need to choose your insurance company carefully rather than pay out a huge premium to a dealer to cover it. Those that don't have it included in their insurance policies and have a total loss claim only have themselves to blame for not reading the document or ensuring it was covered, there will always be someone looking for the cheapest who will then cry when it all goes wrong.
None of it is rocket science, it is very simple, if you have the money to throw away then do it, it will not make your car any more valuable at all, but like the extended warranties on small electrical items sold in Currys and the like it is a massive money spinner and money for old rope hence the car salesmen getting in on the action.
8th Sep 2014 8:20 am
J@mes
Member Since: 10 Nov 2008
Location: Bomber County
Posts: 4547
When we put GAP insurance on the wife's Hyundai it was 75% cheaper to go through a broker than the dealer
2014 D4 XS
2005 D3 SE - Gone
8th Sep 2014 8:55 am
Bill Wright
Member Since: 03 Nov 2007
Location: Glorious Devon
Posts: 3254
We have a forum supporter/sponsor who does all those insurances at vastly reduced prices:
Bill Wright Never take life too seriously. Nobody gets out alive anyway.
D4 SDV6 SE Tech Kaikoura Stone MY15.
8th Sep 2014 10:01 am
Dan the Man
Member Since: 20 Mar 2014
Location: Glasgow
Posts: 215
Does the wheel protection covert you off-road ?
I reckon if it does that's not such a bad deal as it would cover itself with 2 tyres in 3 years.
It's the only one I'd consider.
If it's a simple nail in the tread that can easily be repaired, otherwise you might end up getting a worn out tyre replaced with a nice shiny new one…..1981 Unimog U1300L (ex German Army vehicle
Previous:
Discovery 3 G4 Challenge
Golf R DSG
BMW 535d M Sport Touring
2010 D4 HSE in Nara Bronze
8th Sep 2014 3:25 pm
lespes
Member Since: 17 Sep 2009
Location: Sitting Down
Posts: 2232
Quote:
Total Loss Cover - ensures that you get full value of vehicle in a write off 3ry/25k (£499)
I have taken this out before as believe it could be worthwhile. The price is very negotiable though, say you have some far better options and see the cost tumbleD4 Landmark MY16 Santorini Black THE LAST
D4 HSE MY12 Marmais Teal: Gone. Missed a lot!
Freelander 2 SD HSE MY11 Silver:Thankfully gone.
D4 HSE MY11 Silver: Gone missed !
Range Rover Sport MY06 HSE Buck Blue: Gone missed!
Discovery D2 TD5 Facelift MY Red Gone Missed!
Discovery D2 TD5 Cobalt Blue: Gone Missed!
Discovery D1 Auto Oxford Blue Not missed at all!
Discovery D1 Avalon Blue First LR! missed!
Now demoted to a VW
8th Sep 2014 4:42 pm
Fitzy73
Member Since: 09 Feb 2014
Location: Truro
Posts: 2407
I have taken out GAP insurance on my current D4 (purchased used) and my previous car, but I found my own cover for substantially less than what either dealer quoted.
As for the other bits like wheel cover I felt it didn't seem worth it so will take my chances.
8th Sep 2014 5:36 pm
ExExPatSteve
Member Since: 06 Sep 2014
Location: South Buckinghamshire
Posts: 101
Interesting cross section of views, thank you all for your thoughts.
Like any insurance it is a gamble, do you pay the premium and never claim it might seem a waste, do you not pay the premium and then end up spending x? the premium to get it back to how it was.
Gamblers game I think, shop around and make your choices it would seem.
Thank you all.Steve
D4 My15 SDV6 HSE Kaikoura Stone - Coming this week maybe...
D1 My97 300tdi ES Aintree Green - long gone
Changed the country flag ready for next week...
8th Sep 2014 5:54 pm
Seeby
Member Since: 22 Jun 2011
Location: West Sussex
Posts: 197
I think dealers' business models have changed a lot. The car can be the vehicle (pardon the pun) to selling higher margin products. Sales people often penalised / incentivised for not selling / selling of add-ons.
I think it call came about when the dealers invented the F&I Manager...
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