The minute a new car drives off the garage forecourt, it can depreciate in value. Guaranteed asset protection insurance (gap insurance), can protect against this. It's designed to bridge the gap between the original amount you paid for your car, and the amount your insurer pays out based on its value at the time of a claim.
If your car is written off or stolen, your insurer typically offers you the current market value of the car. In many cases, this can be quite a bit lower than what you originally paid for it because of car depreciation.
Gap insurance covers the difference in price, allowing you to replace your car without having to find additional funds.
Please speak to one off our Sales Team who will happily provide you with a quotation.