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Gap insurance


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RAC Gap insurance.....Anyone got this??? Had a letter from the RAC. Sounds like a good idea in theory. You pay about £100 per year for upto 3yrs. If car written off they pay out (spposedly) the gap between your purchase price of the car and the insurance valuation that they pay out.

Seems too good to be true (will pay upto £15,000 max)???

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You will need to check if it covers new and/or used cars; also, what the maximum purchase price is. Most, if not all, after-market GAP insurance stipulates these criteria.

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