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Guaranteed Asset Protection, more commonly known as GAP insurance is an insurance product that works separately to your standard comprehensive car insurance to help you cover any shortfalls.
There are a number of different types of GAP insurance products out there, what we offer is Lease GAP insurance.
Lease Gap Insurance means in the unfortunate event that your vehicle is written off your Comprehensive motor insurer will only pay out a sum based on the vehicle’s condition and mileage at the time of the loss and will not take in to account any outstanding rentals or finance payments. This may result in a shortfall in the amount required to terminate your contract. This is known as the GAP shortfall.
If you would like more information about our GAP offering please ask your sales advisor.