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If your car is stolen or written-off, GAP will pay the difference between the amount paid by your insurance company and any finance outstanding on the vehicle. (subject to the limits set out in the policy document.)
What is a "Total
Loss"?
When an insured person has claimed
under their comprehensive and/ or fire and
theft motor insurance and the claim has
been settle, with the vehicle forfeited
and a total loss payment made.
Can you give me an
example of how GAP works?
If you paid £12,000 for your
car and your motor insurance pay out is
£8750, and your outstanding finance
payment was £10,250 the GAP insurance
will payout £1,500. It's that simple!
Buying a car is one of the largest purchases you may make during your lifetime, yet it is also one of the most vulnerable of all your investments. Car crime, insurance write-offs and depreciation are all hazards of modern motoring. Your insurance company may be able to cover most of the damage, but who will pay for your outstanding finance payments? Who will pay the difference between your insurance company's payout and the original price you paid for the vehicle?
Don't gamble with the large
investment you've made in your vehicle,
check out the valuable cover that either
GAP or RTI insurance can offer you. Click here to go to our service page. |
