Enjoy peace of mind with a financial protection policy
When you buy a new vehicle, the last thing you’ll think of is needing to replace it. You don’t want to plan for theft or a major accident, but with one extra insurance policy you can be fully covered for the worst outcomes.
In the event of a total loss or unrecovered theft claim, a Guaranteed Asset Protection (GAP) policy will pay out the difference between your vehicle’s purchase price and its market value at the time of the claim. In other words, it covers the gap, ensuring you don’t suffer any financial shortfall.
Between your two settlements – from your comprehensive insurance and GAP insurance – you’ll receive the total amount originally paid for your vehicle (which can go towards a new vehicle), or the total finance amount, so you’re not paying for a vehicle you no longer have.* Also, GAP insurance applies regardless of who was at fault for the accident.
Uniquely, Cornmarket’s GAP insurance will provide a hire vehicle for up to 28 days while you wait for the settlements. There’s no excess, and we’ll reimburse up to £250 of your comprehensive insurance policy’s excess.
Call Cornmarket on 028 9044 5090 for a great GAP insurance quote.