Gap Insurance EXPLAINED

Let's take a deep dive into Gap Cover - Gap Insurance EXPLAINED
👍 𝗖𝗮𝗿𝟮𝗖𝗼𝘃𝗲𝗿 : https://car2cover.co.uk (USE CODE JIM10 for £10 OFF) 🔥 to book a call back go to https://calendly.com/car2cover/notaguru-discount-code 👍

Gap Insurance helps cover you against financial oss in the result that your vehicle is written-off by your insurance company in the event of an accident, theft, flood or fire. Once your car is deemed to be a total loss the insurer will pay you an amount of money to compensate you for the loss but this is often less than it would cost you to buy another car of the same age, spec and mileage, and it's often less than the amount outstanding on your car finance (even after your deposit!).

Gap Insurance is designed to bridge that gap and top-up what the insurer has paid you to ensure you're not left out of pocket.

In most cases, a write-off leaves the motorist with a financial loss or debt, or sometimes both. Gap Insurance is an optional multi-year insurance to cover losses or debt that is not covered by fully comprehensive motor insurance.

Cash buyers - lose the vehicle depreciation value when a write-off occurs

Finance buyers - can be left with a debt or a loss of deposit - or both

Contract Hire users - can be left with a debt - or loss of advance rentals - or both.

Gap Cover is often offered by car dealerships and car finance companies but to ensure that you get the best terms and cover available it's always worth speaking to a reputable insurance broker first.

To take advantage of this offer, call 01438 870615 and quote the code or click the link below and choose a time and date for car2cover to call you to provide quotations and deduct your special discount. The callback link is; www.calendly.com/car2cover/notaguru-discount-code or simply go to www.car2cover.co.uk to get a quick online quote then give them a call to claim your discount.
Quote JIM10 to get and additional £10 off any purchase.

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00:00 Intro
00:40 What is Gap Insurance?
01:09 Types of Gap Insurance
04:14 Why is Gap Insurance Important?
05:35 Where to Buy Gap Insurance?
05:39 Gap Insurance Premiums
06:29 Where to Buy Gap Insurance
09:26 Example Gap Insurance Quote
13:16 Blog Post www.notaguru.co.uk
13:42 Outro

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✅ 𝗟𝗲𝗮𝘀𝗲𝗟𝗼𝗰𝗼 : https://leaselo.co/notaguru-personal-car-leasing
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Important : This channel tries to deliver honest advice for real people. Remember that I am not a financial advisor or car finance professional and am therefore not qualified to give any kind of financial advice, views shown here are purely my own but you must make your own financial decisions. Always seek professional advice before entering a finance arrangement of any kind and seriously consider your financial position and the long-term affordability of any deal that you may enter into.

All music used in this video is written, recorded, and produced by me.

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