Could you replace your vehicle if it is written off or stolen?

GAP insurance has been designed to cover you if your car is written off because of an accident or theft.

If your car is stolen, destroyed by fire or involved in an accident your insurance company will normally offer you a 'total loss' payment which is based on the current market value of your car. This market valuation could be significantly less than the original cash purchase price of your car and - if you have finance on the car - the outstanding finance remaining could be in excess of the total loss payment.

You may not be aware of the effect a total loss can have on your finances even with comprehensive motor insurance.

GAP insurance offers you the chance to safeguard your investment.

Contact your local Wayside retail centre for more information.