How GAP insurance works.
Finance GAP pays the difference between the market value, based on CAP Guide Retails
at the time of loss or the insurance company settlement (whichever is the greater),
and the outstanding finance on the vehicle up to a maximum of £5,000 or £10,000(subject
to eligibility). In addition to this, we may also pay you up to £250 of your
motor insurance excess in the event of a fault claim.