What is a GAP insurance?
GAP cover stands for Guaranteed Asset Protection (insurance against loss of value on the vehicle) and is a form of insurance cover offered in connection with car sales and leasing.
Why should you get a GAP insurance?
With a GAP insurance, you avoid being left with a loss after total damage to the car. The GAP insurance is therefore total loss insurance that covers the possible difference between the current market value and the book residual value. This coverage is part of comprehensive insurance on cars owned by LeasePlan.
