Vehicle Replacement GAP Insurance
This insurance will pay the difference between the settlement received from the motor insurance policy and the cost of replacing the motor vehicle with a motor vehicle of the same make, age, mileage and specification, as the motor vehicle when bought or, if the model is no longer available then the replacement cost of the nearest equivalent vehicle or, should the policy holder not wish a replacement vehicle, pay the difference between the settlement received from the motor insurance policy and the original purchase price paid.
Excess cover up to £250.00
Claim limit available up to £25,000
Terms: 1 to 4 years
Choice of benefit: £5K, £10K, £15K & £25K
Resolicit: Can be sold up to 90 days post delivery
Selling opportunities: Dealerships, Brokers, Finance companies, for customers with Hire Purchase, Personal Contract Purchase agreements or outright purchase.