Can someone explain to me exactly how this works in relation to buying a brand new bike? Im totally ignorant to all of this stuff as the majority of vehicles I've owned have been in Australia/New Zealand, so haven't really had to worry about insurance!
Some of you might remember my post from last August where I was knocked off my new MT-07 by a careless driver, and the bike subsequently written off. i ended up coming away from that crash with the 3rd party insurance paying out more than £1000 less than I would have needed to replace the bike
Although it was technically a fair market value that they offered, it was physically impossible to replace my bike for that amount, due to there being no similar bikes for sale at all anywhere in the country. The only way to get a like for like replacement was to buy new again, leaving me out of pocket.
As the weather is improving, I'm getting ready to put an order in for another bike. Some of you will think I'm mad, but I want to buy from new again. Is gap insurance the best way to protect myself from this sort of thing happening again?
Some of you might remember my post from last August where I was knocked off my new MT-07 by a careless driver, and the bike subsequently written off. i ended up coming away from that crash with the 3rd party insurance paying out more than £1000 less than I would have needed to replace the bike
Although it was technically a fair market value that they offered, it was physically impossible to replace my bike for that amount, due to there being no similar bikes for sale at all anywhere in the country. The only way to get a like for like replacement was to buy new again, leaving me out of pocket.As the weather is improving, I'm getting ready to put an order in for another bike. Some of you will think I'm mad, but I want to buy from new again. Is gap insurance the best way to protect myself from this sort of thing happening again?