If you’re left at a total loss, your motor insurance may only pay the current value of your vehicle. However, our GAP Insurance will pay any outstanding finance payments for your vehicle, or pay the difference, so you will receive the full amount of what you originally paid.
So if your vehicle is stolen or written off after an accident it is likely that your motor insurer will only pay the current market value for your vehicle. This amount could be less than what you still owe to your finance company and will be less than what you originally paid for your vehicle.
Case Study: You purchase a vehicle for £25,000 and it is written off after two years. Your motor insurer pays you £20,000. Purchase Price Protection would pay you the £5,000 difference.*
If you would like more information, get in touch with our friendly team today who will be more than happy to speak to you about our GAP Insurance policies. Give us a call on 0333 400 2316 or request a quotation via our quote form.
*Purchase Price Protection provides cover for up to a maximum of 3 years from the purchase date of your vehicle
Just a quick note to say that our firm has been truly grateful for the excellent service and support from Insurefleet these last few months. I’ve always been impressed with how nice Insurefleet’s staff are to deal with, which makes all the difference, and during lockdown, the customer-support we’ve had from yourselves has continued to be superb. I’d be grateful if you could pass on our message of thanks to the rest of your colleagues, if possible. It’s been great dealing with you in particular
They were very helpful and got my car insurance a lot cheaper than I was paying
Great local company for insurance, my wife and I will have been having our car insurance from them for a few years now, and always had the best deals from them.