How Does Gap Insurance Work?
The following is a sample scenario you might see in a Gap Insurance claim, if the vehicle was written off before the finance on it is settled:
- Motor insurance settlement following write off: £6,000
- Early settlement figure from finance company £7,200
- Shortfall £1,200
- Gap Cover would pay the shortfall of £1,200
Why buy Gap Insurance with JM Glendinning?
We’re an experienced insurance broker, established in 1972. You have more choice than ever where to buy your insurance nowadays, but we regularly find Gap Insurance for customers that saves them money compared with the cover offered by their car dealer, so we recommend you speak to us before you buy elsewhere.