GAP Insurance
Definition for united kingdom automotive professionals.
Guaranteed Asset Protection (GAP) insurance covers the difference between what you owe on a vehicle and its actual cash value if it is totaled or stolen. It is one of the highest-margin F&I products and a critical revenue line for dealership back-end gross.
United Kingdom Context
In the united kingdom dealer market, gap insurance operates within the context of FCA motor finance regulation and Consumer Rights Act 2015. Dealerships running Keyloop, Pinewood, Dragon2000 encounter gap insurance in their daily workflow. DealerInt captures the decision layer around gap insurance that your DMS wasn't designed to track.
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