GAP-insurance
GAP protection is available to ensure that financing runs smoothly: If a leased or financed vehicle is stolen or suffers a total loss, the vehicle insurer usually only reimburses the current market value. This can differ considerably from the existing residual claim from a financing or leasing contract. This GAP must then be compensated by the borrower/lessee. And because this is not so easy to understand, we have made this short explanatory film. Just click on it.