Gap insurance is a type of insurance that fills in the gap between your vehicle’s book value and price your insurance company will pay out if you claim a total loss, this basically mean if your vehicle is written off, you get the full amount you paid for it.
Do You Need Gap Cover?
It’s really up to you if you want gap cover, when you buy your car, the car dealer will usually ask you if you want to add a gap plan to you vehicle but don’t do it right there and then.
It’s better to wait and come home and take the cover out yourself, this also gives you a better chance to think about it without being pressured into buying it from the car dealer.
Tips: Shop Online Gap Insurance
There are a lot of people that are paying way too much for gap cover when there is cheaper cover out there. They think that by sticking with the same company since they bought their car will give them some better guarantee gap cover pricing.
Is This Your First Gap Policy?
The fact of the matter is there is a very good chance that if you have not switched cover in the past and you are paying too much money. You might not think that it is all that big of a deal but in this economy, you have to make sure that you are saving money whenever and wherever you can.
This way, should things become financially tight for you; you will still be able to afford your gap policy.
Use CNDI and It’s Free Tools
One of the best ways to find you the best possible cheaper gap cover is to shop online with CNDI. Even if you are not used to shopping online, there are a lot of great deals out there waiting to be found if you simply knew where to look. One of the worst things to do is to just start calling a few different insurance companies.