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Gap Insurance will pay the difference between your car's insurance valuation and the amount you originally paid, if it is an insurance write-off or stolen.
Companies offering gap insurance usually offer a range of different products including:
- Finance Gap Insurance: This pays the shortfall between motor insurance payout and any outstanding finance.
- RTI Gap Insurance: This type of cover pays the shortfall between motor insurance payout and invoice price.
- VRI Gap Insurance: This replaces your car with a brand new equivalent model.
- Policies are liable to change and are subject to the terms and conditions of the individual insurers.
- The content of this website is for information purposes only and must not be taken or used as 'advice' on the type of financial product that is most suited to your needs.
