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GAP Insurance

Guaranteed Asset Protection (GAP) insurance products protect motorists in the event that their vehicle is written-off as the result of an accident, fire or theft. GAP insurance is of particular interest to those purchasing vehicles on finance plans.

A range of GAP solutions

MICL underwrites a range of GAP insurance products, including:

• Retail Price Protection GAP:
  In the event of a vehicle being written-off, this will return the customer to the retail price of their vehicle at the time of purchase
  
  
• Finance GAP:
  In the event of a vehicle being written-off, this will repay any outstanding finance on the vehicle
  
  
• Replacement Vehicle GAP:
  In the event of a vehicle being written-off, this will return the customer to an equivalent vehicle, as at the time of purchase, even if the price has increased