Gap Insurance

 

Guaranteed Asset Protection, or ‘Gap’ Insurance, is there to help ensure that you are protected from a ‘claims settlement shortfall’ in the event that your vehicle is in a ‘total loss’ incident.

When purchasing a new or nearly new vehicle it can be worth a considerable amount of money, however this value can also rapidly depreciate.

‘Gap’ cover is designed to make up the shortfall between the current market value that motor insurers pay in the event of a total loss claim and the original amount paid for a vehicle OR help clear outstanding finance/lease payments.

To hear more about how ‘Gap’ Insurance works or to see if you could benefit from a suitable policy, please get in touch with Knapton Insurance today or click here to get an online quote.

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