Matthew is an award-winning journalist, specialising in savings, tax and insurance. The sale of guaranteed asset protection (Gap) insurance has been suspended by the majority of providers after the ...

What does Gap insurance cover you for? Gap insurance protects you when you buy a new car. It's designed to cover the difference between the amount your car insurer would pay out if your car was stolen ...

When buying a new car, there will probably be a number of optional extras offered to you by the salesperson. One such add-on will be GAP (Guaranteed Asset Protection) insurance, but what is GAP ...

Motorists with Gap insurance claim just once every 300 years - and now the financial regulator is stepping in to ensure consumers are not being ripped off. Not only is the Financial Conduct Authority ...

GAP insurance (or Guaranteed Asset Protection insurance) is designed to cover the difference between the value of your car when it is written off, versus the price you paid when you first bought it - ...

Gap insurance can pay out if the balance on your car loan is larger than the amount your insurance company will pay if your car is totaled Written By Written by Insurance Staff Writer, WSJ | Buy Side ...

Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...

Insurance companies pay the depreciated value of your car if it’s totaled or stolen, which might be less than your car loan balance. Gap insurance can cover the difference between the vehicle’s value ...

Guaranteed Asset Protection (GAP) insurance Covers depreciation to protect you against a total loss Four key types of GAP insurance to consider Available from as little as £57 On average, a car will ...