Don't be left short!, we can offer
GAP insurance to protect you...
If your vehicle is written off or stolen there is a risk that the insurance settlement
may not be sufficient to cover the outstanding finance owing on the vehicle. This
is because vehicles tend to depreciate more quickly in the first year and then at
a slower rate as they get older.
How GAP insurance works
Finance GAP pays the difference between the market value, based on CAP Guide Retail
at the time of loss or the insurance company settlement (whichever is the greater),
and the outstanding finance on the vehicle up to a maximum of £5,000 or £10,000
(subject to eligibility). In addition to this, we may also pay you up to £250 of
your motor insurance excess in the event of a "fault" claim.
Eligible Vehicles
- Vehicles up to £75,000 invoice price
- Available on ALL finance agreements (excludes cash purchases)
- Cars & Commercial vehicles up to 3.5cwt
- Cover is valid for up to 5 years in line with the finance agreement
- Cars and commercial vehicles up to 6 years old
Eligible Vehicles
- Road Fund License, Dealer Fitted Accessories, Warranties or any other Insurances
- A vehicle written off whilst driving illegally or under the influence of drugs or
alcohol
- A vehicle not covered by a Fully Comprehensive Road Risk Motor Policy
- A vehicle used for Hire or Reward
- If the vehicle is left unattended when the keys have not been removed, the doors
are unlocked and any immobilliser and/or alarm is not activated