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Insurance -
Please mind the gap - 09/06/2008
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Click4Gap.co.uk. are urging drivers to consider taking a little known product called Gap insurance for new and used car drivers.
The insurance covers the difference between the car's original value and the insurer's payout in the event of a write-off.
Marketing director of Click4Gap.co.uk Andy Bendell said more car owners are becoming aware of the value of gap insurance.
He said many people are introduced to it when they buy a new car from a dealership and advises anyone interested in taking out a gap car insurance policy to compare quotes and cover online.
"Gap insurance is for almost anybody, at any point during the car's life or ownership," he said.
"It's not just for brand new cars – you can buy gap insurance for any car up to seven years old, locking in the value of the car today."
Unlike comprehensive car insurance the premium doesn't depend on factors such as age, where you live and licence points, Mr Bendell added.
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