Protects against the unexpected total loss of a vehicle
GAP (Guaranteed Asset Protection) insurance covers your client for the difference between their motor insurance pay-out and the original purchase price of the vehicle, in the event of a total loss as a result of accident, fire or theft.
So if the car is written off, or stolen and not recovered, your client is spared the worry of having to fund the purchase of a like-for-like replacement or down-grading to a more affordable replacement.
GAP insurance is a proven source of revenue and profit for motor dealers and car manufacturers, and can inspire long-term client loyalty and repeat business.