Gap Insurance is a specific type of Car Insurance. It can be best illustrated with an example:
Let’s say you’ve purchased a car for $10,000 and drive away in it. Six months later you get into a crash and the car is written off. You’re comprehensively insured, but such cover will only pay market value for the vehicle. They pay you $8,000, which is the current retail value for your car. Gap Insurance will pay the $2,000 difference between what your Comprehensive Insurance pays and what your car was initially purchased for.
Contact us now to cover your vehicle for exactly what you paid. We can arrange a no-hassle, obligation free quote immediately.