GAP Insurance Cover
GAP stands for Guaranteed Asset Protection. GAP insurance covers the difference in the amount your car insurance company pays out if the car is a write-off, as they will only pay the current market value, compared with what you still owe on any loans or finance or the amount you have to pay to replace the car at the original invoice amount.
GAP insurance is in increasingly high demand due to the high depreciation costs incorporated with modern cars and their falling resale prices in the current market.
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