Gap Cover Gap cover is essential in early years of a finance deal.

What is gap cover?

Covers the value-vs-finance gap. As a King Price client you will see gap cover referenced on your policy schedule, in your claim documents, or in conversations with client care on 0860 50 50 50.

How gap cover works

gap cover is governed by the terms set out in the King Price Policy Document and the individual schedule issued for your policy. Your schedule always overrides the master wording where they differ, so the values, limits and conditions that apply to you appear there in plain English.

King Price reviews the application of gap cover at every renewal, and any change to your risk profile, address, vehicle, security or claims history is taken into account. The Treating clients Fairly framework requires this detail to be communicated clearly before any change takes effect.

Example

Tebogo studies at Stellenbosch and rents a flat near campus. See Gap Cover explained on kingprice.co.za. In this scenario, gap cover determines the practical outcome for the client. The exact numbers depend on the cover option, the excess on the schedule and the limits set out in the policy document.

Why gap cover matters

Understanding gap cover helps King Price clients make better decisions about cover. It affects the monthly premium, the payout at claim stage, and the steps required before and after an incident. Getting it right means no surprises at claim time.

King Price aims to make insurance great again with plain-English wording, transparent premiums and a direct relationship with clients. Clear terminology like gap cover is part of that promise.