Small Businesses
Tech Companies
Motor & Fleet

Policy

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Gap Motor Liability

Gap (Motor) Insurance, also called Guaranteed Asset Protection, is a first-party cover, not a liability cover. It pays the outstanding balance on a financed or leased vehicle if that vehicle is written off, when the main insurer's payout does not cover the remaining loan. This cover helps most with new vehicles, which lose value quickly.

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All Category

Gap (Motor) Insurance, also called Guaranteed Asset Protection, is a first-party cover, not a liability cover. It pays the outstanding balance on a financed or leased vehicle if that vehicle is written off, when the main insurer's payout does not cover the remaining loan. This cover helps most with new vehicles, which lose value quickly.

Related Term

All Category

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