If you were unable to work due to an accident or illness, your business was to fail or your vehicle was written off, wouldn't it be good to know that your vehicle payments were being made on your behalf? Well, with one of Vantastic Contracts Protection Insurance Plans you can now have complete peace of mind.
Because vehicles tend to depreciate quickly in the first year, then more slowly as they get older, there is a risk that you will owe more to the finance company than the insurance company pay-out if the vehicle is written off or stolen.
With GAP Insurance we will pay the difference, up to a maximum of £5,000, between your insurance company pay-out and the amount you owe to the finance company.
So for just a few pounds a week, we will:
- Pay the difference between the insurance pay-out and the amount outstanding
- Payout up to £5000
- Cover vehicles with up to a £50,000 invoice price
- Cover cars and commercial vehicles up to 3.5cwt
- Cover you up to 5 years (in line with the finance agreement)
- Pay the difference between the insurance pay-out and the amount outstanding
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