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Gap Insurance
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I have recently purchased a second -hand car and when insuring it was asked if I was interested in a further premium which would "Protect" the value of the vehicle at the price I paid for it, if the vehicle were to be written off or stolen within the next three years. The Company called it "Gap Insurance". Should I consider this option? The premium for three years would cost approximately 65% of the premium which I am paying for one year's Comprehensive cover on the vehicle. Thanks.
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