- A combination of Finance, Invoice and Replacement GAP Insurance – Covering up to the higher of either the outstanding finance at the time of claim or the original invoice price you paid for the vehicle or what it would cost to replace the vehicle with a brand-new equivalent.
- Available for cars up to 90-days old (that you are the first and only registered keeper of), purchased within the last 90-days from a VAT registered motor dealer.
- NO Market Value clauses.
- Ability to cancel the policy at any time and receive a daily pro rata refund of unused premium (a cancellation fee may apply).
- CASH payout to you rather than to a nominated dealer, leaving you free to choose the provider of your replacement vehicle.
- Available for Cars bought for up to £50,000.
- OPTION to include cover for up to £2,000 of negative equity brought forward from your previous vehicle.
- OPTION to include the provision of a courtesy car for you to use for up to 28-days in the event your vehicle is a declared a total loss.
- Underwritten at Lloyd’s by Arch Insurance UK Limited.
- Pays up to £750 towards the excess on your Comprehensive Motor Insurance policy.
- FREE transfer of any unused premium on to a new policy on a replacement vehicle
- NO right to revalue the purchase price of your vehicle at the time you bought it.
- Policy durations of up to 3 years available.
- Claim Limits of up to £50,000 available.
- FREE policy amendments.
Not sure about Replacement GAP insurance?
If you’re not entirely sure what Replacement GAP insurance is, please see our other blog articles: “What is Replacement GAP insurance?” and “How Does Replacement GAP insurance Work?“