| G is
for Gap insurance
Should your car be written
off, GAP (Guaranteed Asset Protection) insurance pays out cash to cover
any outstanding car loans or tops up the insurance settlement for a
new car, 4 types of GAP insurance are;
- Return to Invoice
GAP insurance - pays the difference between the insurance settlement
and the amount you paid for the car.
- Return to Value
GAP insurance - pays the difference between the insurance settlement
and the value of the car at the time you took out the GAP insurance
policy
- Finance GAP insurance
- pays the difference between the insurance settlement and the amount
outstanding on your loan or finance agreement , you can also add 'return
to invoice' insurance so all the loans are paid off and you get a
brand new car.
- Replacement GAP
insurance - pays the difference between the insurance settlement and
the cost of replacing your car with exactly the same make/model or
equivalent car as you originally bought.
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Car insurance with
UK based call centres...
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