Car gap insurance covers the shortfall between the price of your car when you bought it and the value of it today. It's a cost effective way of protecting your investment - something comprehensive motor insurance alone will not do.
Why do I need gap insurance?
Gap insurance is particularly useful if your car is written off or stolen as it takes into consideration the depreciation of your car. Imagine you paid £15,000 for your car, which then falls in value after three years to £7,500. If your car is then stolen or written off in an accident, your insurance company will only pay out for the value of the car at the time, which is £7,500.
This leaves you a good few thousand short of being able to replace your car with something similar to what you had, and gap car insurance is designed to cover this shortfall.
To get your gap insurance quote today call us now on 01708 753179.