One of the nastiest surprises for many new car owners is discovering how quickly a vehicle loses value.
From the moment you drive it away, depreciation can outpace your finance payments, creating a gap that standard insurance won’t cover if your car is stolen or written off.
An example when purchasing a brand-new family car: after a serious accident, the insurer valued the car much less than was owed on the finance agreement. Thanks to GAP (Guaranteed Asset Protection) insurance, the owner will not be left covering the difference out of their own pocket.
GAP insurance closes that costly gap, covering the true value of your vehicle and letting you move forward without financial worry..
Contact us at info@hedoninsurance.co.uk for trusted home insurance advice you can rely on.
Hedon Insurance Brokers
Avenue House, Studio 6
157 High Street
Hull
HU1 1NQ
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