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HPI agreements (Car loan) GAP and VRI

FUTURESGREEN Posts: 2 Newbie

11 March 2008 at 12:53PM in Loans

Hi - im hoping someone can advise me on GAP and VRI insurance on HPI agreements for cars. Ive got a good deal on the loan of money but the added GAP or VRI makes an extra expense. Ive been told that GAP i should def have as if the car gets written off, the loan is paid off, with VRI its the same but if the insurance company offer a current value, VRI will step in to give me a new car vale back ? Is this right and are they any good ? Are there other insurances i could take out ?

Thanks

Darren

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HPI agreements (Car loan) GAP and VRI

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