I'm sorry Jim, I wasn't notified of your post... just stumbled across it.Jimmer wrote:Hi.
I bought a new m135i in March from lloyds bmw Carlisle. I got 3yrs rti gap insurance through the dealer, I have just traded it in for another new one which I bought in aberdeen. Now I understand that gap isn't transferable and I will get a quote from yourself but what happens with my current policy?
You'd need to check the terms of your GAP insurance policy. Whilst it won't be transferrable, upon cancellation you will likely be entitled to a pro-rata rebate of unused premium, from which they'll deduct a cancellation fee which is normally to the tune of £35-£50.