GAPPROTECT®
Full cover against vehicle total loss
The purchase of a vehicle supposes a considerable strain on any budget. In order to cover the financial risk associated with the purchase of a vehicle, partial or comprehensive insurance cover is normally taken out in addition to the third-party liability insurance required by law. In the event of the vehicle total loss as a result of an accident or other incident, comprehensive insurance normally covers only the current value of the vehicle, and the owner makes a financial loss with respect to the price that is payable for a replacement vehicle.There are several ways of eliminating or reducing this financial anomaly (GAP), including payment of a supplement to cover the difference between the current price and original purchase price (with or without inflation indexing), or a percentage supplement based on the current and/or Eurotax value.
GAPPROTECT® is particularly suitable for the following sectors:
