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GAP cover insurance

I recently bought a second hand car and had a phone call a couple of days later offering me Gap cover insurance. the company is linked to my insurance company and the cover offered is for three years. in the event of an accident where my car is written off it will cover the difference between the amount offered by my insurance and what I actually paid for the car. they quoted me £200 for three years cover.

Has anyone had any experience of this type of insurance? Wondered what others thought of it and if it's worth taking out.

Comments

  • well it would depend on how you are financing the car and what it is worth
  • paid cash £6,500. I've been driving for 30 years without an accident and just can't decide if it's worth spending £200 for cover that I hopefully won't need
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