Gap Insurance -
Guaranteed Asset Protection (GAP) is a secondary insurance which, in the event of your car being written off, will pay any difference between the amount paid out by your insurance company, and the settlement amount reqired by the finance company to clear the outstanging finance on the car, meaning you are able to buy another car without having to pay any 'negative equity' first.
This protection is invaluable for customers who are purchasing their car using one of a finance option, especially if a small deposit used.
Please ask for full details of GAP Protection - if a large deposit is paid into the finance agreement, you may not need this additional insurance. For further information, please email rightcarjersey@jerseymail.co.uk