Finance Blog

Finance News, Comments & Advice

Car Insurance

There are many types of insurance that can be obtained for your car. You will need to obtain fully comprehensive car insurance to finance your new vehicle but there are other considerations that need to be made. Gap Insurance and Tyre and Rim Insurance can also be obtained. By purchasing GAP Insurance you are covering yourself, if in the event of an accident, the amount of the loan contract exceeds the payout from your insurer. Your GAP Insurance will pay the difference for you and depending on which extras you have taken out you may be entitled to a refund of your policy excess, delivery charges, registration costs and car hire.

 

By obtaining Tyre and Rim Insurance you are covering yourself in the event that if your car’s tyres suffer a puncture, blowout or are damaged in any way from various road hazards. You are also covered for any damage to wheel rims as a result of these road hazards. The policy covers the cost of repair or replacement of the tyre and wheel rim.

 

Comments