Little-known car insurance policy could save you thousands after an accident this winter
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dailyrecord.co.ukBuying a new car is always a thrilling event, but you could be left owing thousands of pounds if it is written-off before you have paid for it.
Every year around half-a-million vehicles are left unroadworthy and beyond the point where repairs make financial sense, however, because insurance companies will only pay the “market rate” for a write-off, it can leave a huge sum in what you still owe.
Leading motoring association MotorEasy has revealed how a Guaranteed Asset Protection (GAP) insurance policy takes that risk away and effectively buys you out of your agreement, potentially preventing you from being left out of pocket - especially at this time of year as road conditions change due to seasonal weather change s.
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