Romford Gap Insurance
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.