GAP Insurance is essential for anyone looking to safeguard their finances in the event their vehicle is written off or stolen.
If your vehicle is declared a total loss by your motor insurer, they will only pay out up to the current market value of your vehicle, not what you originally paid for it.
This results in a shortfall in funds when it comes to replacing or paying off your affected vehicle.
This is where GAP Insurance comes in...
GAP insurance bridges the gap between what your motor insurance pays out and what you originally paid for the vehicle - meaning you're not left out of pocket or left paying finance for a vehicle you no longer have.