GAP Insurance
Many of your customers won't realise that even if their vehicle is nearly new when it's written off, the amount the insurance company will pay out (the 'book' price) could be much less than the cost of the vehicle when purchased, and much less than the finance amount outstanding.
Either way, if your customer loses their vehicle it could leave them seriously out of pocket. GAP insurance could protect them from this.
Standard Gap
Standard GAP Cover can make good any shortfall in your customer's outstanding finance up to £5,000. That means the reassurance of knowing that their finance could be cleared in full before they look for a replacement.
Gap Plus
GAP Plus Cover ensures your customer gets back everything they paid so they can get a replacement. It provides cover up to a maximum value of £40,000. In the event of a write-off, GAP Plus could make good the difference (up to £15,000) between the insurance payout and the price your customer paid as shown on their invoice. The benefit of GAP Plus is that it could allow them to replace a write-off with a replacement of the same quality and specification, without having to find any extra money.
For exclusions click here.
Full details of terms and conditions, and exclusions are contained within the policy document – a copy which is available on request
