Insight into GAP Insurance

How well are you secured for a rainy day? Just like an umbrella shields you from the raindrops, car insurance policies serve to indemnify your losses that you are likely to incur unexpectedly. Insurance premiums are calculated from a percentage of the total value of your car, paid at a specified interval. Most of the time, when any unexpected eventuality occurs, insurance clients are only compensated for their car’s worth not taking into consideration other financial liabilities and losses incurred by the owner despite the car’s damage.

GAP, also referred to as Grand Asset Protection, fully bridges the difference between your car’s value and liabilities you incur related to the vehicle which includes but not limited to the car loan. By doing so, your vehicle is wholly compensated while its credit balance and pending liabilities fully sorted, courtesy of GAP insurance.

Visit us at BMW of Southampton for more enquiries and professional advice on GAP insurance for any car model of your choice in our inventory.

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