GAP Insurance ensures that in the event of a write-off, you’re not caught short by your car insurer
Many motorists don’t consider the reality of a write-off to their vehicle. Even the finest insurers will only reimburse you for the current market value of your car. Meanwhile, the second you drive it off the forecourt a car’s value begins to depreciate.
A GAP insurance policy tops up an insurer’s payout in the event of a write-off, due to accident or theft, providing the extra funds to purchase a replacement vehicle or to settle any outstanding finance.