Gap insurance and total replacement coverage
We are picking up a new TT in a few days and the dealer asked if I wanted gap insurance. I said no the last time and I'm tempted to say no this time too because my DW typically pays more on out month...
Forum Discussion
Aridon wrote:
Get Gap on your insurance policy not from the dealer. It will pay an extra 25% over the value.
Better than that is to get a full replacement or stated value policy from progressive. No depreciation.
X10 on that!
I've never heard of "gap insurance" before reading this thread ... but it sure sounds like just another gimmick of marginal value as an excuse for taking one's money.
We had full replacement coverage from Progressive for years on our motorhome. I just called them recently to finally lower the stated value so as to save some on our insurance premiums going forward.
