GAP – Guaranteed Asset Protection
At Whittlesey Insurance we are specialists in providing all forms of motor vehicle insurance. Our policies are extremely flexible and can be tailored to fit your requirements.
We also provide a number of add-on insurances to augment and expand your policy. These can be adopted on a modular basis, so you can take on additional policies on a needs basis, with flexible contract terms and payment arrangements.
Guaranteed Asset Protection (GAP)
If you purchase a new vehicle you may wish to take out Guaranteed Asset Protection insurance to protect your financial investment. GAP insurance pays the difference between the current value of your vehicle and the amount you purchased it for, in the event that the vehicle is stolen or written off following an accident. Some policies also cover any outstanding payments if you have purchased the vehicle on credit. You will also be able to select the number of years the cover will be applicable.
GAP is one of the most frequently chosen ‘add-on’ insurance options and is frequently offered by your dealership when you buy a new motor vehicle. However, the dealership is usually tied to one insurer and may also increase the cost of GAP cover to offset any discount they may have provided, so will not be able to give you the flexibility and competitiveness that an independent insurance broker can provide – so it pays to shop around.
Find Out More
To find out more about the insurance policies we can offer you, have a chat with one of our advisers. Call us on 01733 208 117, or visit us at our Whittlesey office and we’ll provide you with a free quote for the insurance cover you need – at a rate you can afford.