Gap insurance on same agreement VT!

[Mustdash630]

Basicllly I’m looking to VT ASAP and spoke to black horse today. I’ve paid 31 of 60 months so the half cut is well covered.

my problem lies that when buying the car the gap insurance was also added into the same agreement and they are asking for £795 to settle the gap insurance debt.
where do I stand with this as I won’t be needing gap insurance on a car I will no longer own? I’m very confused by the situation.
they also tried asking for £75 to collect the car (or I can take it to a auction house) but I know where I stand with that and the car will sit outside the house till they take it away free of charge

any help is appropriate thanks
R0b

[R0b]

I suggest you do a search on the forum and read the recent posts in the last 6-12 months, I've explained my view on more than one occasion.

[Mustdash630]

Right so I’ve swallowed the fact I’m gonna have to pay the insurances There is no avoiding that
But now they are wanting me to pay what I owe plus the interest calculated at the start of the agreement? Surely If I’m looking to settle the loan I don’t have to pay interest on the remaining amount?
many light she’d would be helpful
Thanks

[des8]

Cancel the insurance directly with the insurers and you should/may receive a return of premium depending on the policy wording

[Mustdash630]

Spoke to them both can’t get a dime back as it’s a 3 year policy which is due to end November and the gap insurance was a next level joke when they told me the lender had gone bankrupt in 2018 and I’ve not been covered since lol
I just dunno if they can legally charge me Interest on the settlement of the loan

[des8]

If you have not been covered since 2018 (as presumably premium not paid if finance house bankrupt) what debt is there to settle?