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GAP Insurance

Gap insurance

GAP INSURANCE (GUARANTEED ASSET PROTECTION)

After the home a motor vehicle is quite often the most valuable asset owned but what happens if that vehicle is written off following an accident and the motor insurers settlement doesn’t cover the replacement cost? Whether the reason is that the car has simply decreased in value or the amount to needed to settle any outstanding finance isn’t enough GAP insurance is the answer.

In one simple policy we can offer cover that will either cover the “gap” between the settlement received and the original purchase price (return to invoice), the “gap” between the settlement figure and paying of outstanding finance or a policy that covers both.

Acasta can offer:
  • 3 different levels of cover
  • competitive net rates
  • simple rating chart
  • limits of cover to suit every type of car
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