Why Does GAP Insurance Exist?
What is GAP Insurance?
- 21 Apr 2021
GAP Insurance exists because cars will lose their value very quickly once you drive the vehicle of the seller’s forecourt, even more so if you’re purchasing a brand-new car.
The depreciation value is the difference in price between what you paid for the car and the amount it is worth now.
Covering your new car with a Best4 GAP Insurance policy, means you’re protecting the investment made into purchasing your new car and won’t need to worry about the depreciation leaving you out of pocket if your car was stolen or written off.
Get your Best4 GAP Insurance quote today!
Check out the Top 5 Worst Cars for Depreciation.