In the unfortunate event that your vehicle becomes a total loss, which means it has been stolen or written off, there is a chance that the insurance settlement you receive may fall considerably short of the price you originally paid for your vehicle.
In some cases the figure offered may not even be sufficient to pay off the finance settlement figure.
GAP Insurance protection could cover your shortfall when your vehicle is written off, by covering the different between your write-off insurance settlement and the vehicle's original invoiced cost or outstanding finance on any type of agreement, whichever is greater.