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GAP Insurance

GAP Insurance also known as Guaranteed Asset Protection Insurance is a coverage offered by insurance companies to protect your car if it is under finance or a loan.

Gap insurance can cover all sorts of damages and liabilities. For instance, financial loses, damages theft, and shortfall of financial loss, can all be covered for. There are also other reasons such as depreciation.

Though your car insurance policy covers the market value of your asset, it is possible that there is a high outstanding balance in the loan. The difference between them is called the shortfall, and can be very expensive.

GAP Insurance can be purchased through a dealer, a broker, or online. It is very important that you go through the Terms and Conditions, Policies, and Product of Disclosure, before signing up to anything to get a full idea of what you are paying for.




More Insurance Companies

Searching for a good insurance company to join? Consider the following companies as they are currently offering exclusive offers!

Budget Direct Insurance ($50 Offer)
Budget Direct is a cheap and simple insurance company to sign up for if your risk of getting damaged is low. Always remember the universal rule that what you pay for is what you ...

GIO Insurance (10% Off)
GIO Insurance has their ups and downs. It seems that before they send your claims for your damages, they will undergo many investigations to justify that it was out of your control to ...





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