It’s no secret that there’s a shortage of used cars. And those that are available are being sold for inflated prices. Hardly surprising then that the trade in dodgy motors is picking up.
Research by TV show Dispatches found that up to 40,000 possible death traps sold every year could be insurance write-offs going to unsuspecting buyers.
The last thing you want is to have a car crash and then be left out of pocket
Having a car stolen or written off can be hugely stressful. For a start, you suddenly no longer have a car. There’s the fall-out from the incident itself. And then there’s the possibility that you’ll be out of pocket. That’s where GAP insurance comes in.
Guaranteed Asset Protection insurance, otherwise known as GAP, should ensure car owners aren’t left counting the cost of an unforeseen occurrence. You might now ask if that isn’t what regular motor insurance is for. The answer to that is yes… and no. But it’s worth taking the time to work out whether it might be worth protecting your investment with GAP.