In the unfortunate event that your vehicle is written off, your comprehensive motor insurer may only pay out a sum based on the vehicle’s condition and mileage at the time of the loss and will not take into account any outstanding rentals or finance payments.
This may result in a shortfall in the amount required to terminate your contract. This is known as the GAP shortfall.
We can offer you insurance to provide cover of up to £6000-worth of GAP shortfall for a one-off premium of £299.99 + 6% IPT.
Covase Ltd is an Appointed Representative of Linkfield Insurance Logistics Ltd who is regulated by the Financial Services Authority, reference number 308926.
This can be checked by visiting the FSA website at http://www.fsa.gov.uk/register/ or by phoning 0845 606 1234.
The requirements of the FSA are for us to ensure our customers receive best advice in relation to the provision of insurance products.
Please feel free to download the following documents for further information: