A simple Answer TO yOUr Question
Is contract hire GAP insurance required for leased cars?
While it is not a legal requirement like liability insurance, many lenders and leasing companies strongly recommend it. Some leasing contracts include a form of GAP built in (often called a "waiver"), but these are becoming rarer. It is your financial liability on the line, so checking your contract for a GAP clause is a vital piece of risk management.
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✓ When to lease vs. buy
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