- A combination of Finance and Invoice GAP Insurance in a single policy – This means that in the event your car is written off, the policy aims to cover the difference (the “gap”) between your motor insurer’s total loss valuation of your vehicle and the higher of either your finance agreement settlement figure at the time of claim or, the original invoice price that you bought your vehicle for, when you first bought it.
- Available for Cars up to 10 years old, 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.
- All named drivers on your Motor Insurance policy, covered.
- Available for Cars bought for up to £100,000.
- 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 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
- Policy durations of up to 4 years available.
- Claim Limits of up to £75,000 available.
- FREE policy amendments.
Not sure about Invoice GAP insurance?
If you’re not entirely sure what Invoice GAP insurance is, please see our other blog articles: “What is Invoice GAP insurance?” and “How Does Invoice GAP insurance Work?“