Tel: 01993 843040
Email: sales@fleetandcommercial.co.uk
Find us on Facebook  

Call Back Request

Call Back Request




RadDatePicker
Open the calendar popup.

           

Gap CoverGap Cover

 

GAP Insurance is designed to financially protect you in the event of a total loss due to Fire, Accident or theft. We have products available for cars, light vans, commercial vehicles up to 44ton, motorcycles, motorhomes and driving school vehicles.

Purchase Price Protection –

In the event of a total loss this will pay the difference between the motor insurer's settlement and the original net invoice price paid for the vehicle. Provides cover for up to 3 years. Single premium policy.

Combined Finance & Purchase Price Protection (PPP) -

In the event of a total loss this will pay the difference between the motor insurer's settlement and the original net invoice price paid for the vehicle or, if the vehicle is on finance, the outstanding finance on the vehicle if this is higher. Single premium policy.

Lease Gap -

In the event of a total loss this will pay the difference between the motor insurer's settlement and the outstanding balance owing to the Lease company. Provides cover for up to 5 years. Single premium policy.

Top Up Fleet Gap –

This policy is designed for companies operating 5 or more UK registered vehicles, it is not restricted to new vehicles or vehicles on finance/lease/contract hire agreements. We will cover cars, vans and trucks up to 44 tonnes as long as they are under 10 years old at inception and are comprehensively insured. In the event a customer's vehicle is the subject of a total loss this product will pay:

  • 25% on top of the motor insurer's total loss settlement figure OR
  • The difference between the motor insurer's total loss settlement figure and the outstanding amount owing to the finance/lease company.

Whichever calculation is the greater (up to an agreed sum insured).

Top Up Gap –

In the event of a total loss this will pay your customer an additional 25% on top of the total loss valuation provided by the motor insurer. Annually renewable policy, allows for transfer of vehicle.

Agreed Value Gap -

In the event of a total loss, this will pay the difference between the motor insurer's settlement and the agreed vehicle value. The agreed vehicle value will be the current Dealer Retail Price for your customers vehicle which we will obtain from Glass's Motoring Guide at the point of application.

Underwriting Guide to Purchase Price Protection Cars & Light Vans up to 3.5t

x

Cookie Compliancy

We use cookies on our website to ensure that we give you the best possible user experience.

If you continue without changing your settings, we'll assume that you are happy to receive all cookies. Click the button below to disable them.

Cookies enable us to identify the device you are using or when you are logged in. We use cookies that are strictly necessary to enable you to use the website, to provide certain basic functionality and to collect analytical data about the use of our website.

Read more...
Read less...
C
© 2018 Fleet and Commercial Insurance Brokers

Suite 1 & 2, Wesley House, Ventura Park, Broadshires Way, Carterton, Oxfordshire, OX18 1AD

Fleet and Commercial Ltd is an appointed representative of Ten Insurance Ltd, which is authorised and regulated by the Financial Conduct Authority.