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What is it and how can it help?
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 giving you peace of mind during your car lease contract.
In the unfortunate event that your vehicle is written off due to an accident, fire, flood or stolen 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.
This is where the Lease GAP Insurance takes away the financial burden left by your insurance and will cover the GAP shortfall.
If you would like more information about our GAP offering please ask your sales advisor or email email@example.com