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Total loss insurance cover on a new car

  •  Mon, Jun 29 2009, 5:12 PM

    Total loss insurance cover on a new car

    I have been offered total loss insurance cover on my new £20,000 car. This will cost ~£400 for 3 years cover - this guarantees I get the full cost price back should the car be stolen or written off - this insurer pays the difference between my own insurer's valuation and the full cost price, meaning I will get the full cost price back. Any thoughts on whether this is worth taking out?
    • Post Points: 20
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