Once again ...Business Managers

GAP policies were introduced for the sole reason that when Joe Blogs takes a vehicle on finance they owe the Fin Comp £xx amount before they own it.... excluding 1/2 & 1/3 rights.

If the vehicle was written off/stolen a year or 2 down the line, the Insurance company will only pay out market value ..the GAP policy should (depending on purchase/market value) pay the difference to clear it from finance ... Whats the point in oweing say £17.5k on finance, market value £9k ..too much of a short fall ..hence the GAP policy. Also read the small print as it will/ or did only pay up to 40% difference

Its another insurance policy, on top of another insurance policy. No such thing as free money when it comes to Insurance companies and risks...