GAP Insurance (Infographic)

Gap insurance infographic


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.

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  • What is GAP insurance?
  • How does GAP insurance work?
  • What is Lease GAP?
  • What is Combined Purchase Price Protection?
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