WHAT IS GAP INSURANCE?
In the event your car is stolen or written off, GAP (Guaranteed Asset Protection) Insurance covers the difference between the value of the car (this is the amount your car insurer will usually pay out) and the amount you paid for the car in the first place.
For example:
- You purchase a car for £10,000, but the car is involved in an accident 12 months later and written off.
- The insurance company make an offer of £6,500.
- GAP insurance would pay the £3,500 difference between the car insurance valuation and the purchase price.
HAVE YOU TAKEN OUT GAP INSURANCE ON YOUR VEHICLE?
If you're purchasing, leasing or hiring to purchase, then you should consider GAP insurance.
GAP insurance covers you in the event of accidents, fire and theft, giving you peace of mind that your new purchase is fully covered in the event of loss.
GAP insurance has to be purchased within 90 days of leasing, financing or buying your car, so get in touch with J J Ballantine & Co ASAP; we'll find you a competitive GAP insurance quote in Northern Ireland. Prices start from £150 for 3 years cover.
Get GAP insurance on your vehicle today, by calling 02879 447 292
