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.
We can provide you with two fantastic GAP Insurance policies:
- Purchase Price Protection – In the event of your vehicle being written off, you will receive the original purchase price.
- Finance/ Lease GAP – Clears your outstanding finance/ lease charges in the event of a write-off.
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
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Many thanks for arranging my Landlord insurance policies so quickly, the information provided and the quotes offered were excellent and your advice and guidance to explain the intricacies of the cover available and how they impact premiums was invaluable. Wouldn't hesitate to recommend you and County Insurance
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I have just renewed my property owners insurance for 2 rental properties. Paige was extremely helpful & provided me with a cheaper quote & higher levels of cover. I would highly recommend County.