PAYMENT PROTECTION

Gap Insurance will protect you if you write off your vehicle. Your motor insurer may not pay you enough either to settle any finance outstanding on your vehicle or purchase a replacement vehicle. Gap Insurance will ensure that you are not left out of pocket if you have a total insurance loss by covering any shortfall between your insurance pay out and the amount outstanding on the finance agreement.

Over half a million cars are stolen each year, most of these are written off or vandalised. Add that to the large number of accidents each year and you could be the next person to suffer a vehicle write off. A Gap Insurance policy will cover you against financial loss should your car be stolen and/or written off.

Most of us think our Comprehensive Motor Insurance covers us if our vehicle is written off... THINK AGAIN - you do need Gap Insurance.

Example: Original Cost of your car: £25,000 Deposit: £3,000 Amount of loan: £22,000 One year later the car is stolen or is in an accident and declared a total loss. Amount still owing to your finance company: £18,000 The insurance company pays you only: £13,000 So what will you have to do? Simple! The Vehicle owner has to pay the GAP Contract Hire GAP Insurance will pay the £5,000 still owing to the Finance / Contract Hire Company