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GAP Insurance: What is It, What Does It Cover And Do I Need It?

From NerdWallet.com…..

When buying a car there are a lot of expenses to consider. In addition to paying for the vehicle, there is car insurance and breakdown cover to pay for, not to mention the running costs involved such as petrol and servicing.

GAP insurance is another expense you might be considering. It may not be suitable for everybody, but it can be beneficial for some drivers, especially those with brand-new cars and those on a car finance deal.

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