VRI & GAP Insurance Coverage
What is VRI & GAP Insurance Coverage for your car?
If you are buying new or very close to new this is a cheap rider that could save you thousands in the case of theft or accident. My own insurance covered the difference in the price I paid and the replacement cost on the vehicle for the first 3 years I drove it.
It cost me 25 a year to have it I would recommend doing so for any one buyng a new car.
All it does is if you get in an accident and your car is wrote off then you get the value of a new car back thus your loan is covered. Often if a model the some as you had can not be found it means they get you one that is a step up. that can be tricky to negotiate but I helped a friend due it a few yeas back.