Do you need GAP Insurance for your ŠKODA? Often sold when you buy a new car is Guarnateed Asset Protection or GAP insurance, a comprhensive cover deisgned to cover the difference between what your insurer pays out and what you paid for the car. With depreciation, your car loses its value very fast. If your car is stolen or damaged beyond repair, your insurer will typically offer you the market value of the car which could be considerably less than what you originally paid. In some cases, this could leave you with significantly less money that you originally paid for your vehicle, and possibly with less than you need to clear off any applicable finance.
GAP insurance will protect you from this financial shortfall by “topping up” your insurer’s settlement to the original price you paid for your vehicle, or the cost of replacing it with another matching the original. So in total, from both your insurer and the return to invoice GAP Insurance you will receive the full amount you paid for your vehicle.
Contact our Specialist Cars ŠKODA Aberdeen or Dundee or Thomson & Potter ŠKODA Perth businesses for a bespoke GAP Insurance quote. Replacing your car without additional funds has never been easier.