If you are leasing a car, then you will want to consider getting GAP insurance. What is GAP insurance? GAP, or Guaranteed Asset Protection, insurance essentially avoids you from ending up in a negative equity situation. It covers the gap between what the insurance company pays out and what the finance house wants to cover the cost in the unlikely event of a write off due to fire, theft or an accident. This infographic explains the basics of lease GAP insurance and Combined Purchase Price Protection and Finance GAP.