On the back of your article, @rebekah, I googled for different types of insurance and was surprised to discover one called Umbrella Insurance.
Now I know those pesky, blustery, winds can cause your brolly to flip inside out and break, but really? Insurance to cover the cost of a new ?
Turns out that this type of insurance is what I knew as Gap Insurance.
Only time I have seen it offered was when a colleague bought a pre-registered car, and the dealership offered it as cover for any shortfall (following a total loss or theft claim) between the insurers’ value of the car, and the purchase price. Allegedly, could only be bought at time of purchase of the vehicle.
(Suggests to me that the vehicle is over-priced to start with then, and the dealership know that!)
I assume then that Umbrella, or Gap Insurance is still available to the public and wonder how many readers actually subscribe to them, or have done at some point in their lives.