GAP INSURANCE

Cover loss on depreciation in case of total loss!
Shortfall GAP is a general insurance product that complements Auto insurance, providing a benefit to the vehicle owner against financial losses due to a total loss. This may arise when the settlement amount received from the Motor Insurance company, does not fully cover the amount that the vehicle owner owes his financial/funding institution due to vehicle financing.

Plus there is a cash benefit of up to 20% of the original invoice value in the order detailed below:

• 20% of the invoice value during the 1st calendar year
• 15% of the invoice value during the 2nd calendar year
• 10% of the invoice value during the 3rd calendar year
• 5% of the invoice value during the 4th calendar year