What is GAP insurance - and who should and shouldn't consider it?
GAP stands for Guaranteed Asset Protection. It's designed to cover the difference in price between what you paid for your car and what your car insurance is paying out for a write-off, theft, or other total loss claim.
Image: Sky News Business
GAP stands for Guaranteed Asset Protection. It's designed to cover the difference in price between what you paid for your car and what your car insurance is paying out for a write-off, theft, or other total loss claim.
Originally published at Sky News Business
