GAP Insurance ExplainedThe amount owed on your car loan can often be higher than the insured value covered by your comprehensive car insurance policy. This is where GAP Insurance comes in.
Watch the simple explainer video by Eric Insurance (one of our providers) below:
GAP is relatively cheap compared to other types of car insurance. When seeking car finance make sure you speak with your broker about your GAP options. For a free quote on Comprehensive and GAP insurance, call us today on 1300 301 051
DISCLAIMER : The thoughts and opinions conveyed on this website are those of the authors only and are of a general nature. This does not constitute financial or general advice to you from Auto Loans Group. You should seek your own independent advice from a professional which is specific to your circumstances before considering any of the items referred to in this article, including finance, insurance, and car buying.