We all know that our cars lose value as they get older. Depreciation, unfortunately is a fact of life… or is it?
Gap Insurance protects you from this depreciation.
- Gives you added protection if your car is declared a write-off or it is stolen
- Pays the difference between purchase price and your motor insurers payout.
Example: If your vehicle cost £18,000 and the insurance company paid a settlement of £11,000 your gap insurance would pay out a further £7,000.
Gap Insurance is great cover for new and used cars whether you paid cash, Bank or Motor Loan or even have chosen Contract Hire or a Lease Agreement.
Gap Insurance is designed to protect your investment by paying you the difference between your insurers settlement (in the event of total loss – write-off or theft) and what you original paid for your car.
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