Finance GAP Insurance
Finance GAP is designed to help you manage the financial impact of having your vehicle "written off".
In the event that your road risk insurer declares your vehicle a "total loss", there is a likelihood that the amount they will pay to you in settlement of your claim will be less than the outstanding amount you owe to the finance company.
Finance GAP would pay out up to £5,000 or £10,000 to cover the difference between the market value of your vehicle at and the settlement / termination figure on your finance agreement.
Key customer benefits:
- Available for both cars and commercial vehicles
- Cover for all finance agreements including contract hire and finance lease
- Cover available for vehicles valued up to £75,000
- Available for vehicles up to 6 years old
- Cover for up to 5 years, in line with finance agreement