£26pa against a possible windfall of upto 2k in the case of a right-off.
Hmmm sounds like another take on the infamous 'gap' insurance to me. I suppose it depends on the odds of a 'write off' per annum.
If you think its higher than 1.5% (on an 'upto 2k' basis) then go for it. If the chances of a write off are less (and I believe so based on nothing else than the insurance company makng a profit on this) then leave alone.
Simple as that.....
Well I'm sure it probably isn't but that's how my brain works
BtG
