Courier GAP insurance is vital cover in today’s difficult times where the value of your vehicle can depreciate at a significantly fast rate and, if you’re faced with a total loss, can cost you dear.
GAP (Guaranteed Asset Protection) is designed to make up the shortfall between the amount you receive from your motor insurer following a total loss and
- the outstanding finance on the vehicle or
- the original purchase price of the vehicle
You would normally expect to pay a single premium to cover you for 1 – 4 years and typical restrictions relate to the maximum permissible age of vehicle and the first amount of any claim you would have to pay (the excess).
Unlike motor policies, this type of insurance would specifically exclude cover where claims have been brought about by wilful negligence such as driving under the influence of alcohol or drugs or leaving keys in an unattended vehicle.
Our generic Summary Of Cover will give you to a more detailed description of the cover, terms and restrictions you can typically expect.
Every quotation will be accompanied by a Key Facts summary of the cover (and a full policy on request) for the particular Insurer being recommended.
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