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What is GAP insurance?

We explain why you may want to use GAP insurance

GAP Insurance is designed to protect you against financial loss if your vehicle has been declared a total loss or write off by your insurer.

If your car is involved in an accident, stolen or damaged by flood or fire, and deemed a total loss, your comprehensive insurer will only pay you market value for your vehicle at the time of the incident.

This may leave you exposed to any remaining finance settlement charges or substantial loss suffered due to the vehicle value depreciation. This can be covered by purchasing GAP insurance.

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