Combination GAP
Protect the value of your vehicle with GAP insurance.
Protect the value of your vehicle with GAP insurance.
Autoguard GAP Insurance ensures that your customers are covered for financial loss in the event of their vehicle being declared a total write off. By selling Autoguard GAP Insurance, you can increase your profit margin for each vehicle sold while also improving your customers financial ability to buy a replacement vehicle.
When the unexpected occurs, and a customer's vehicle faces a total loss or theft, Assetguard steps in to bridge the financial gap. Your customers won't be burdened with the remaining loan balance, ensuring their financial well-being.
GAP is short for Guaranteed Asset Protection. Vehicle GAP insurance will pay your customer the difference between what their motor insurance will pay them in an event of a total loss claim and what your customer paid for the vehicle if they recently purchased it from your dealership, any outstanding debts if purchased on finance or the termination fee, if they have leased your vehicle.
Gap insurance gives your customers extra peace of mind, knowing that they won't have to suffer any financial shortfall in the unfortunate event of their car being written off.