Month: February 2015
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The Perils Of New-For-Old Cover
A NEWER VERSION OF THIS ARTICLE IS NOW AVAILABLE. CLICK HERE TO SEE IT. It’s now becoming fairly common knowledge that many car insurance policies incorporate New-For-Old cover for a brand new vehicle until it reaches 12 months old. In principal this means that if your car is declared a Total Loss (written off) and…
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Improved Replacement GAP Insurance Policies.
In the event of your vehicle being declared a Total Loss (written off) due to accident, fire or theft, your Motor Insurer will only pay you what they think the vehicle is worth at the time of loss. Replacement GAP insurance will then pay the difference between your Motor Insurance payout and what it would…