GAP Insurance

IMPORTANT PROTECTION FOR YOUR NEW VEHICLE

What is Gap Insurance?

If something was to happen to your new vehicle such as an accident, fire or theft, your car insurance company will only pay retail value of the vehicle; and because of the depreciation involved with cars, it will more likely be a lot less than what is outstanding to be paid to the finance company or even a lot less than the actual retail value of the car itself. Gap insurance covers the difference.

The moment you drive a new car, due to depreciation you will be seriously out of pocket. Gap insurance has you covered.

An Example of Gap

Why should I purchase GAP Insurance?

• Over 500,000 vehicles become a total loss each year
• UK car crime is a third of all crime
• A vehicle is stolen every minute, 33% are never recovered
• Cars are depreciating at a faster rate than ever before
• Motor insurance settlements are always less than the price you paid for you car
• When a write off occurs you lose out and have to pay for the shortfall and deposit on your new car
• Write offs occur all too often, protect yourself!

How much will GAP payout and how long does the cover last?

GAP insurance will pay a maximum of £10,000 and will cover you for the length of the contract.

How much does GAP cost?

GAP prices start from £241.50 and can be paid Direct Debit at 0% Finance.

thenewcarsearch.com AR0025042 6 Huntsman Wood, West Derby, Liverpool, Meryside, L12 0HY is an Appointed Representative of Driven Leasing & Finance Limited, New Horizons, Studio Way, Borehamwood, Herts, WD6 5XX which is authorised and regulated by the Financial Services Authority. Driven Leasing & Finance Limited FSA register number is 307214.

You can check this on the FSAs Register by visiting the FSAs website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.

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