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WHY GAP INSURANCE IS 'VITAL SAFEGUARD' FOR CAR OWNERS
Autocar UK
|September 24, 2025
Despite 'fair value' concerns, providers say it offers essential protection
Guaranteed asset protection (Gap) is being hailed as a “vital safeguard” against financial ruin, just 18 months after the Financial Conduct Authority requested that insurers stop selling it.
Gap insurance covers the difference between a car’s purchase price or the amount of finance owed on it and its current market value in the event that the car is written off before the finance has been repaid.
Denne historien er fra September 24, 2025-utgaven av Autocar UK.
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