What is GAP insurance and how does it work?

GAP insurance (Guaranteed Asset Protection), also known as Vehicle Shortfall Insurance (VSI) covers the difference between your motor insurer’s payout and what you paid for your car or still owe on your finance agreement if your vehicle is written off or stolen. It helps you avoid being left out of pocket.

Wondering if GAP Insurance is right for you? See ‘Do I need GAP insurance if I bought my car on PCP?’ or ‘Should I still consider GAP cover if I paid cash for my vehicle?’