Electric Car Chat - Navigating the Complex World of Gap Insurance and How IPT Makes Insurance More Expensive From Dealers with Expert Insights from Graham Hill - Insurance Revelations Pt6

Discover the untold intricacies of electric car insurance as Graham Hill, esteemed author of "Electric Cars, the Truth Revealed," joins us to unravel the complexities of gap insurance. Venture beyond the basic coverage and delve into the financial nuances of finance gap, back to invoice, and replacement gap insurances. Unearth how these policies function in various loss scenarios and why it’s financially savvy to bypass dealership insurance offerings. Graham also illuminates the often overlooked aspects of gap insurance that could safeguard your initial rental payments and excess fees, providing you with the comprehensive protection you deserve.

As we navigate the electric vehicle insurance landscape, Graham also casts a light on the murky waters of Insurance Premium Tax (IPT) and Value Added Tax (VAT) in relation to extended warranties. With his expert guidance, you'll distinguish between the standard 20% VAT and the specialized 12% IPT, gaining insight into the economic implications these taxes carry for electric car owners. The conversation is a must-hear for those looking to optimize their insurance strategies amidst the ever-growing web of policies tailored to electric vehicles, ensuring you're equipped with knowledge that could save you money and enhance your understanding of these critical financial considerations.

To watch the video version click:  https://youtu.be/ZXvISNEXlz4

To buy a copy of Electric Cars - The Truth Revealed visit grahamhilltraining.com

Chapters

• 0:08 Understanding Gap Insurance for Electric Cars
• 10:39 Understanding Extended Warranty Insurance VAT