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Gap advice

Mazda64
Mazda64 Posts: 3 Newbie
edited 18 March 2019 at 8:50PM in Insurance & life assurance
Just purchased a brand new car on PCP finance this week. I'm with Direct Line insurance and they offer New Car Replacement for the first 12 months so I know I don't need gap in this instance, however once the 12 months have passed can I then purchase Back to Invoice Gap policy to cover the 3 remaining years of the finance term or do I have to do this earlier? Any advice welcome please.

Can anyone help me with giving some advice on my post pretty please :)

Comments

  • Just had an email from my old gap insurer stating that you can only buy GAP insurance on a new car within 90 days of taking delivery? So think the MSE website should be updated to state this clause as I for one was going to take a GAP policy after 11 months making the most of the 12 month new car replacement policies offered by insurance companies.
  • sheramber
    sheramber Posts: 24,421 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Try other providers

    You can get a policy that is deferred for a year.
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