Guaranteed Asset Protection Insurance is increasingly prominent in today’s market. GAP Insurance protects motorists in the event of their vehicle being written off, ensuring the motorist receives the difference between the amount paid out by their motor insurer and the purchase price of the vehicle.
Car Care Plan Insurance currently underwrites a range of different GAP Insurance products:
Retail Price Protection – In the event of a vehicle being written off the motorist receives the retail price of the vehicle at the time of purchase
Finance – In the event of a vehicle being written off the motorist receives the balance of any outstanding finance due on their account
Replacement Vehicle – In the event of a vehicle being written off the motorist receives an equivalent vehicle as of the time of purchase, even if the price has increased during that period.
GAP Insurance products allow our clients to benefit from:
If you would like to learn more about our asset protection products then please get in touch with our team, they are awaiting your call.
© 2018 Motors Insurance Company Limited trading as Car Care Plan Insurance. Registered in England. Company No: 2678367. Registered Office: Jubilee House, 5 Mid Point Business Park, Thornbury, West Yorkshire BD3 7AG. Motors Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.