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Finance Gap Insurance : Contract Hire Gap Insurance : Back To Invoice : Vehicle Replacement Insurance : Commercial Gap Insurance for Vans and Trucks : Payment Protection Insurance : Early Termination Insurance

Gap Insurance

Gap Insurance will protect you if you write off your vehicle. Your motor insurer may not pay you enough either to settle any finance outstanding on your vehicle or purchase a replacement vehicle. Gap Insurance will ensure that you are not left out of pocket if you have a total insurance loss by covering any shortfall between your insurance pay out and the amount outstanding on the finance agreement.

Over half a million cars are stolen each year, most of these are written off or vandalised. Add to that the large number of accidents each year and you could be the next person to suffer a vehicle write off. A Gap Insurance policy will cover you against financial loss should your car be stolen and/or written off.

Most of us think our Comprehensive Motor Insurance covers us if our vehicle is written off... THINK AGAIN - you do need Gap Insurance.

GAP INSURANCE PRICES FROM £84.00

» Click here for details and to buy Gap Insurance online
» Click here for a quick quote

Payment Protection Insurance

Payment Protection Insurance will pay your monthly payments on any motor finance agreement, mortgage, or any type of loan if you become unemployed or cannot work due to accident or illness.

» Click here for details and to buy Payment Protection Insurance online
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Early Termination Insurance

Early Termination Insurance will protect you against any termination charges you will face if you return your vehicle early to the Finance House. Available to all individuals on Personal Contract Purchase/Personal Contract Hire.

EARLY TERMINATION INSURANCE PRICES FROM £439.00

» Click here for details and to buy Early Termination Insurance online
» Click here for a quick quote

Gap Insurance

Finance Gap Insurance : Contract Hire Gap Insurance : Back To Invoice : Vehicle Replacement Insurance

Over half a million cars are stolen each year, most are written off or vandalised. Add to that the large number of accidents each year and you could be the next person to suffer a vehicle write off!

Most of us think our Comprehensive Motor Insurance covers us if our vehicle is written off... THINK AGAIN!

If your vehicle is written off your motor insurer will only pay the current market value for your vehicle!

So what happens if the current market value is not enough to replace your vehicle or pay off your finance or contract hire agreement?

Simple, there is a financial GAP that you will have to pay out of your own pocket:

Why should I purchase GAP Insurance?

  • UK Car Crime is a third of all crime
  • A vehicle is stolen every minute, 33% of these are never recovered
  • Cars depreciate by up to 77% over a 3 year period
  • Motor insurance settlements are always less than the price you pay for your car
  • When a write off occurs you lose out and have to raise the funds for any short fall
  • Write off's occur all too often, protect yourself

Example:

Original Cost of your car:£20,000
Deposit:£2,000
Amount of loan:£18,000

One year later the car is stolen or is in an accident and declared a total loss.

Amount still owing to your finance company:£12,000
The insurance company pays you only:£7,000
Amount of loan:£18,000

At a minimum this leaves you with a financial GAP of £5,000!

TO PROTECT THIS FINANCIAL WORRY YOU CAN CHOOSE TO BUY ONE OF THE FOLLOWING GAP INSURANCE POLICIES:

Finance Gap Insurance

In the event of a write off this will pay the difference between your motor insurance payout and the amount outstanding on your finance/contract hire agreement. Using the example above it would pay £5,000

» Click here for details and to buy Financial Gap Insurance online

Contract Hire Gap Insurance

In the event of a write off this will pay the difference between your motor insurance payout and the amount outstanding on your finance/contract hire agreement. Using the example above it would pay £5,000

» Click here for details and to buy Contract Hire Gap Insurance online

Back To Invoice

In the event of a write off this will pay the difference between your motor insurance payout and the original price of your car. Using the example above it would pay you £13,000

» Click here for details and to buy Back To Invoice Insurance online

Vehicle Replacement Insurance

In the event of a write off this will cover the difference between your motor insurance payout and the cost of replacing your vehicle to the exact specification, even if the price of the new replacement car has increased.

» Click here for details and to buy Vehicle Replacement Insurance online

Payment Protection Insurance

Payment Protection is an insurance product designed to protect your monthly payments under any finance agreement, mortgage or loan if you become unemployed or cannot work due to an accident or illness.

Example:

Original Cost of your car:£20,000
Deposit:£2,000
Period of loan:36 months
Your monthly repayment:£500.00

12 months later you are made unemployed, have an accident or become ill.
If you have Payment Protection Insurance it will remove the worry of maintaining your monthly payments by paying you £500 per month.

PAYMENT PROTECTION INSURANCE

Cover Provided: Accident, Sickness or Unemployment (*Life cover available)

Max. monthly repayment you can protect:£1,500
For unemployment you can claim
for a max period of:		12 months
For an accident or sickness you can claim
for a max. period of:		24 months
Monthly Price via Direct Debit:9.00% of your monthly loan repayment
i.e £250 x 9.00% = £22.50 per month

» View a copy of the Payment Protection Insurance policy wording

» View a copy of the Payment Protection Insurance policy summary

Buy Payment Protection Insurance

Early Termination Insurance

PROTECT YOURSELF IN CASE YOU NEED TO TERMINATE YOUR VEHICLE CONTRACT EARLY…
Early Termination will protect you as an individual for penalty charges incurred as a result of closing your Finance, Contract Hire or Leasing agreement early for one of the following reasons:

  • Unemployment
  • Expatriation – i.e. your company moves you abroad to work
  • Life
  • Loss Of Licence [on medical grounds]

In addition, if you become unemployed for more than 30 days and don’t want to hand your vehicle back early but need help with your monthly repayments, Early Termination Insurance will pay the Finance Company up to 3 monthly installments on your behalf. (Maximum benefit payable is £1,000 per month). If you subsequently hand your vehicle back after the 3 months this amount will form part of your maximum claim limit of £5,000.

Early Termination Insurance It is available to anyone who has taken out a Personal Contract Purchase or Personal Contract Hire.

Example:

  
Original cost of your car is £19,000 and you are paying £350 per month over 36 months. 12 months into your agreement you are made redundant and need to hand your car back early:
Amount outstanding on your rentals: £14,800
Less the sale price of the car after 12 months of use: £13,000 (Estimate)
This leaves a shortfall of: £1,800
Early Termination Insurance would pay:£1,800

EARLY TERMINATION INSURANCE RETAIL I

Cover Provided:
Unemployment, Expatriation, Life & Loss of Licence on Medical Grounds

Max. Claim: £5,000
You can’t claim for Unemployment during the first: 12 months of your insurance
Max. Period of Cover: 4 years
Price for up to 4 years of cover: £439.00

» View a copy of the Early Termination Insurance policy wording

» View a copy of the Early Termination Insurance policy summary

Buy Early Termination Insurance

EARLY TERMINATION INSURANCE RETAIL II

Cover Provided:
Unemployment, Expatriation, Life & Loss of Licence on Medical Grounds

Max. Claim: £5,000
You can’t claim for Unemployment during the first: 6 months of your insurance
Max. Period of Cover: 4 years
Price for up to 4 years of cover: £525.00

» View a copy of the Early Termination Insurance policy wording

» View a copy of the Early Termination Insurance policy summary

Buy Early Termination Insurance

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