62 plate New Car Gap Insurance

New Car Gap Insurance - Guide

With millions and millions of new cars set to change hands in the next few weeks how do you know that you are getting the right type of new car gap insurance for you?

To help you follow the reams of information on the Internet we have a simply 5 step plan for helping you find your perfect level fo new car gap insurance.

  1. Call your insurance company and ask them if they offer new for old as part of your car insurance within the first 12 months. If they do and you are happy with any terms and conditions they may have you should consider a form of deferred  car gap insurance.
  2. Think about how you have just paid for you new car and ultimately what you would like your policy to do when and if your car is written off and be realistic about how long you would like cover for. Don’t forget that renewing your car gap insurance policy is not going to give you the same levels of cover.
  3. Be honest about how much you car will be worth at the end of a set period of time, remember that the average car will lose up to 50 % within the first three years alone. No amount of polishing and looking after your car will change this. Being completely honest with yourself now will help you choose a claim limit which will be able to work and perform as the policy should.
  4. Read your car gap insurance policy from start to finish and ask as many questions as you need to make sure that you totally understand how your policy will work.
  5. Remember that you do not have to buy gap insurance and it is your choice and that no matter where you buy your policy from you will have a cooling off period in which you can change your mind. Normally this is a legal minimum of 14 days but it can be up to 30 days, also where possible try to find a policy that is cancellable. After all we are all human so if you do three years later change your mind or even just no longer need your car it is good to know that you will get a something back.

So to summerise, be completely honest about rates of depreciation as this will help you pick a claim limit, check if you have new for old as you can save even more whn you buy a deferred policy and always always read your new car gap insurance policy before you buy.

Both comments and pings are currently closed.

4 Responses to “62 plate New Car Gap Insurance”

  1. [...] Remember that you do not have to buy gap insurance and it is your choice and that no matter where you buy your policy from you will have a cooling off period in which you can change your mind. Normally this is a legal minimum of 14 days but it can be up to 30 days, also where possible try to find a policy that is cancellable. After all we are all human so if you do three years later change your mind or even just no longer need your car it is good to know that you will get a something back.Source: co.uk [...]

  2. [...] Remember that you do not have to buy gap insurance and it is your choice and that no matter where you buy your policy from you will have a cooling off period in which you can change your mind. Normally this is a legal minimum of 14 days but it can be up to 30 days, also where possible try to find a policy that is cancellable. After all we are all human so if you do three years later change your mind or even just no longer need your car it is good to know that you will get a something back.Source: co.uk [...]

  3. [...] Remember that you do not have to buy gap insurance and it is your choice and that no matter where you buy your policy from you will have a cooling off period in which you can change your mind. Normally this is a legal minimum of 14 days but it can be up to 30 days, also where possible try to find a policy that is cancellable. After all we are all human so if you do three years later change your mind or even just no longer need your car it is good to know that you will get a something back.Source: co.uk [...]

  4. [...] [...] Remember that you do not have to buy gap insurance and it is your choice and that no matter where you buy your policy from you will have a cooling off period in which you can change your mind. Normally this is a legal minimum of 14 days but it can be up to 30 days, also where possible try to find a policy that is cancellable. After all we are all human so if you do three years later change your mind or even just no longer need your car it is good to know that you will get a something back.Source: co.uk [...]Source: co.uk [...]

Powered by Easy Gap