introducing
gap insurance.
PROTECT YOUR INVESTMENT AND PEACE OF MIND.
Accidents happen. That’s an unfortunate but irreversible truth. And although irreparable damage to a vehicle can be worrying for anyone, GardX Assure GAP Insurance can take away some of the stress by making sure the financial shortfall is covered.
That’s why countless customers choose to go with GardX Assure GAP Insurance.
WHAT HAPPENS IF A VEHICLE IS A TOTAL LOSS?
If an incident occurs resulting in your customers’ vehicle being written off due to accident, fire or theft; then the settlement amount they receive from their motor insurer could be significantly less than the outstanding finance balance or the original retail price.
The market value of your customers’ vehicle at the time of the incident is used by most motor insurance companies to determine the total loss payment. Any depreciation in the vehicle value would potentially be a loss incurred by your customers.
Your customer could be left without a vehicle plus the burden of settling any outstanding finance or lease balance.
WHAT IS GAP
INSURANCE?
In the event of the total loss of the insured vehicle, we will pay a maximum benefit equal to the difference between your motor insurance settlement and the original retail price of the insured vehicle, or if greater and the amount you require to pay your early settlement amount. This insurance will also contribute to the excess deducted by your motor insurer.*
*Terms, conditions and exclusions apply. Please refer to your policy documentation for full details
how does gap insurance work?
GardX GAP Insurance will compliment your own vehicle insurance and can guarantee your financial position in the event of a total loss.
Key features.
– 12, 24 & 36 month terms available
– 30 days Inception period post vehicle sale
– Single Premium with funding options available
– 6 Claims per annum, up to 18 claims during 36 months
– Claim from day one
– Customer centric claims process – no claims forms with claims app available
– 30 days claim notification period
– Mobile repair or full refurbishment including diamond-cut wheel
– 150 contribution towards replacement for irreparable damage
– £0 customer excess
– 60 days EEA use
– Daily pro-rata refund
– Transferrable to the new owner of the vehicle
Eligibility Features.
– UK Resident or UK registered partnership/limited company
– Unlimited age/mileage at policy inception
BOOK A CONSULTATION.
If you want to increase revenue, convert more customers and drive more growth for your business, then get in touch below.