GUARANTEED ASSET PROTECTION (GAP)

Did you know that over half a million vehicles are written off and around 100,000 are stolen each year? In the event of your vehicle being stolen or written off and declared a total-loss (write-off) your insurer will settle with you based on the current market value of your vehicle which is usually much less than the price you paid. Fortunately, a GAP insurance policy can help to return you to the full original invoice price for the car from when you purchased it and give you the financial flexibility that you otherwise would not have enjoyed. In the case of a finance or lease agreement for your vehicle, this can ensure that you are not in a negative equity situation with your agreement. Take a look at our ‘GAP Insurance Explained’ video below: