- Gap insurance covers the depreciation of your car if it is written off or stolen
- But the deals are almost never claimed on, with commission levels of up to 70%
- Now the regulator is investigating the market to check Gap deals are worth it
Motorists with Gap insurance claim just once every 300 years – and now the financial regulator is stepping in to ensure consumers are not being ripped off.
Not only is the Financial Conduct Authority (FCA) worried that barely any Gap…
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