Gap Insurance
Your car is probably one of your biggest assets. And whilst you protect it with motor insurance, it may not be enough if your car is stolen or written off because of an accident.
Most insurance companies only pay out the market value of the vehicle - not what you paid for it. The question you have to ask yourself now is "if my car was written off or stolen, would I have the cash to pay the difference between the insurance pay out and what I paid for my car in the first place?".
csma's partner, Car Care Plan have developed Guaranteed Asset Protection (GAP) Insurance for csma members to ensure that if the worst happens to your vehicle, you won't be out of pocket. In the event of a total loss of a vehicle, GAP will refund any financial shortfall between the insurance company's pay out and the original invoice price for the vehicle when you bought it.
If you have owned your car for more than 12 months, GAP Insurance will pay the difference between the market value of the vehicle at the time you took out the policy and the insurance pay out.
Please note: This page links to an external website. csma is not responsible for the content of third party websites.
