Combined 3 Way Cover GAP

Vehicle Replacement – Return to Invoice – Finance Shortfall
1. VRI – Vehicle Replacement

Pays the difference between your customer’s write-off insurance settlement and the cost of replacing the vehicle with a new/used vehicle of the same make, model and specification or a vehicle of similar age to that of the vehicle when it was purchased, or if the vehicle is no longer in production or available at the time of write-off, we will pay the difference between your customers’ write-off settlement and the cost of a similar or equivalent superseding model to a maximum of that vehicle’s value as described in Glass’s Guide Retail at time of write-off.

2. RTI – Return To Invoice

Should your customer not wish a replacement vehicle, we will pay the difference, between your customer’s write-off insurance settlement and the vehicle’s original invoiced purchase price.

 
3. GAP Finance Shortfall

Pay any greater difference, between your customer’s write-off insurance settlement and any outstanding finance balance owed on your customers’ HP, car loan, PCP, finance or lease/contract hire agreement following a write-off .

  • Max age: 7 years old and 80K miles
  • Max. value: £125K
  • Terms: 1, 2, 3 and 4 year
  • Choice of benefit: £5K, £10K, £15K, £25K
  • Includes motor insurance excess cover up to £250
  • Vehicle types: Cars and light commercials to 3500KG
  • Sale eligibility: up to 90 days post delivery