Thread: A week today!
View Single Post
      02-22-2013, 04:29 PM   #26
davyk31
Brigadier General
 
Drives: Audi SQ5 & Golf GTD
Join Date: Sep 2009
Location: Northern Ireland

Posts: 4,411
iTrader: (0)

GAP is a must if its your own cash but even more important if its leased or on borrowed money. If you have a loss you could be caught for remaining payments and your insurance settlement is likely to be low. GAP puts you right back to total car value so it its needed say in year three you get back to full new value for a premium of 150 approx.

Correct that a lot of insurers pay full value in year one, thats why you can buy gap policies that don't kick in until end of year one.
davyk31 is offline  
0
Reply With Quote