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Cornish Insurance | Our Products: Gap Insurance
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Cornish Insurance
126-128 High Street,
Delabole, Cornwall
PL33 9AJ

Telephone:
01840 213836

Fax:
01840 212610

Email:
info@cornishinsurance.co.uk


Specialists since 1984

Gap Insurance

GAP Insurance is a valuable addition to your vehicle insurance policy due to the reducing nature of how a vehicle insurance policy would operate in the event of your vehicle being written off or stolen.
If your vehicle was written off or stolen, your vehicle insurance policy will only pay you the amount that they believe your vehicle is, (or should we say "was"?) worth at the time it is/was written off or stolen.

Consider that by the time the vehicle is/was written off or stolen, you may have owned the vehicle for a few days, weeks, months or years, but due to the simple fact that the vehicle is older than it was when you bought it, the vehicle value will have been subject to depreciation and with very few exceptions, the vehicle will now be worth less than you originally bought it for.

The difference between what you bought it for and what it is worth now (at the time of write off/stolen) is also known as the "gap" and a GAP Insurance policy insures that very "gap".

There are however different "gaps" depending on how you've bought the vehicle and as you might expect, different types of GAP Insurance applicable to those different "gaps".

Find the right Gap Cover for you:



FINANCE GAP


LEASE GAP


PURCHASE PRICE PROTECTION



 Gap Cover Application Form