What is Gap Insurance & why should you buy it?

Welcome to BuyGapInsurance, the home of the latest news, views and deals on Gap Insurance in the UK. If you are here it is likely you are simply trying to find out as much information on Gap Insurance as you can. We aim to provide you with all the information you will need, to help you understand Gap Insurance, and its many different styles so you can buy the right gap insurance for you and your circumstances. What is Gap Insurance? Gap Insurance, or Guaranteed Asset Protection to give it its full title, can protect you against the one thing your motor insurance cannot, DEPRECIATION!! All vehicles will lose value over time, it is a sad fact of life, and if your vehicle is written off in an accident, or is stolen, you may find out just how much of your hard earned money you can lose. Fact – Did you know that an estimated 600,000 vehicles are written off in the Uk alone each year? Sure, your own insurance will pay out on the settlement for the vehilce, but that is only its market value today, not what you may have paid in the first place. So, what about that price you paid to buy it in the first place? Or the finance settlement you have outstanding? Or even how can you replace the vehicle with a suitable model? This is where gap insurance comes in....

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