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Clark Commercials is a proud GAP insurance provider, meaning our teams in Aberdeen and Edinburgh are happy to generate a quote tailored to you. If you are interested in GAP insurance, or want to know more about GAP insurance, why not contact our specialist teams now. We look forward to speaking with you.
GAP insurance, also referred to as Guaranteed Asset Protection, helps to bridge the payment gap between the settlement amount from your motor insurance company and the price your van was worth before it was written off. Therefore, having Gap insurance helps put your worries at ease in the event of an accident, theft, fire or flood as you will receive the market value of your vehicle.
If you do not have GAP insurance and your insurer declares your vehicle as a total loss, as repairing your van is not economical, safe or possible, you could be left with significantly less money than what your vehicle was worth before the incident. Or you could be left with less money than you need to clear off any applicable finance. Having GAP insurance for your van will protect you from this financial shortfall by “topping up” the insurance companies’ settlement to make up the market value of your vehicle or the cost of replacing it with a similar model.
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