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GAP Insurance
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GAP Insurance – Avoid the shortfall
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Many people are not aware that if your vehicle is written off due to an accident or stolen and not recovered, your motor insurance company only pays out the market value for your vehicle. Because of the way vehicles depreciate this can be much less than what is outstanding to the finance company or even the actual retail value of the vehicle. This is “the GAP” which is down to you and GAP Insurance protects this liability.
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Finance Gap pays the difference between the market value or the insurance settlement (which ever is the greatest), and the outstanding finance on the vehicle up to a maximum of £5000 or £10000.
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Call 08458 336633 for more information on GAP Insurance and make sure your vehicles are covered.
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