Guaranteed Asset Protection (GAP)

Please also look at Vehicle Replacement Insurance (VRI)

Guaranteed Asset Protection (GAP) is designed to provide security and greater peace of mind for you and your family.

Consider the facts:-

Over half a million cars are written off by insurance companies every year, as a result of accidents, theft and fire.
More than 200 vehicles are involved in serious accidents in the UK each day.
One third of stolen cars are never recovered.
A car is stolen every minute of the day in the UK.

These are frightening statistics.

Something that is just as scary is that if your car is written off, the settlement value from your insurance company may be insufficient to buy a replacement vehicle, or may leave you owing money to the Finance Company for a vehicle which has already been written off.

Car Care Plan GAP Insurance covers the 'gap' between your insurance company's valuation of your car and what it will cost to either buy an equivalent replacement or to pay off any finance * .

Taking out Car Care Plan GAP insurance not only gives you extra security and peace of mind, but additional protection that could save you thousands of pounds.

*Subject to the level of cover chosen.

The Benefits

Protects your investment
Provides cover for up to three years
Covers shortfalls up to £10,000, or £20,000 on Replacement Vehicle Insurance

Covers new and used vehicles
No vehicle age restrictions
Three levels of cover available to cover most circumstances
Claims paid quickly to get you back on the road

How it works

You buy a new car costing £12,495 with a deposit of £1,250, and finance the remainder. One year later, your car is stolen and declared a total loss, with £8,350 still outstanding on Finance, but the insurance company payout was only £7,500. So you still owe £850 to the Finance Company, you have lost your deposit of £1,250 and you have to find the money to buy a replacement vehicle, which now costs £12,995.
Car Care Plan vehicle replacement insurance for new vehicles only
This level of cover will pay the £5,495 shortfall between the insurance company payout and the price to purchase an equivalent replacement vehicle. This means that after repaying the finance shortfall of £850, you have £4,645 to put towards the purchase of an equivalent replacement vehicle.
Car Care Plan invoice price protection
This level of cover will pay the £4,995 shortfall between the insurance company payout and the original invoice price paid for the vehicle. This means that your existing Finance is repaid, and you have £4,145 deposit to put towards a replacement vehicle.
Car Care Plan Finance repayment
This level of cover will pay the £850 shortfall to the Finance Company, clearing your existing liability.

All of the above are subject to Terms and Conditions; please contact one of our sales people on 01506 857857 for further details.