Buying a new or financed car is an exciting investment, but did you know your standard motor insurance might not cover the full value of your vehicle if it’s written off or stolen?
That’s where GAP (Guaranteed Asset Protection) insurance comes in.
GAP insurance covers the “gap” between the amount your insurer pays out and the amount you still owe on your car loan or finance agreement. Without GAP cover, you could be left paying the difference out of your own pocket — which can be a significant financial burden.
This type of insurance is especially valuable for new cars, leased vehicles, or cars purchased on finance, where depreciation can quickly reduce your car’s market value. GAP insurance ensures you’re not left out of pocket if the worst happens.
At Hedon Insurance, we’ll help you understand if GAP insurance is right for your situation and find a policy that fits your budget. It’s a smart way to protect your investment and give you extra peace of mind on the road.
If you want to learn more about GAP insurance or get a personalised quote, contact us today — we’re here to help you drive with confidence.
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