Guaranteed asset protection insurance is increasingly popular for today’s motorists. It ensures that if a vehicle is stolen or written off as a total loss, where most motor insurers will only pay out the current market value of the car, the full amount paid for the vehicle is recovered.
Why choose GAP insurance?
With GAP insurance, if your customer is involved in a write-off they will receive the difference between the amount paid out by their insurer and the purchase price of the car. GAP insurance is especially valuable for customers with newer cars, where the insurer is less likely to pay out the previous market value of the vehicle.