GAP Insurance – What you need to know

An often-heard car insurance term, what is GAP insurance and do you need it?

Having your car stolen or entirely written off in an accident is every motorist’s nightmare, especially if it should happen to a brand new vehicle. Often sold when you buy a brand new car, Guaranteed Asset Protection (GAP) insurance covers the difference between the value of your car (which the insurer would usually pay out) and either the amount you paid for the car or the value of any outstanding payments. More > "GAP Insurance – What you need to know"