|
|
|
Feb 28, 2008 Many Car Insurance providers offer attractive policies having a “new for old” clause or benefit. As per this benefit the coverage includes a replacement of your vehicle with a brand new car of the same make and the same model. This option can be availed in case your car gets stolen or cannot be found. However the following two clauses need to be met. Firstly, you should be the first owner (registered) of your car and your car should not be more than 12 months old.
“Gap” Insurance is also one of the latest offerings of car insurance providers. The term “gap” here implies to the difference in net asset value of your car when it was purchased and it’s WDV (“written down value”) prior to the mishap. This gap will form the basis of the settlement.
Gap Insurance partially covers the new for old coverage in the primary year; however it would be worth a thought to consider your car’s expected depreciation over the first few years. |
|
 |
| Finance News |
Oct 06, 2008 |
Oct 06, 2008 |
Sep 25, 2008 |
Sep 23, 2008 |
Sep 22, 2008 |
Sep 19, 2008 |
Sep 17, 2008 |
Sep 16, 2008 |
Sep 15, 2008 |
Sep 14, 2008 |
Sep 14, 2008 |
Sep 10, 2008 |
Sep 10, 2008 |
Sep 05, 2008 |
Sep 05, 2008 |
Sep 02, 2008 |
Sep 02, 2008 |
Sep 02, 2008 |
Aug 30, 2008 |
Aug 29, 2008 |
