GAP Insurance

After a fire, theft or write off, most insurance companies will only pay out the current market value of the vehicle.


PROTECT YOUR INVESTMENT WITH GAP INSURANCE FROM HILTON SUZUKI

How does it work?

If you have bought a new car, a gap insurance policy can cover the loss in value if your vehicle is written off. Gap is a shortened version of Guaranteed Asset Protection and can cover the difference between the amount you paid for your car, and the amount your car insurance policy pays out.

For example, if you crash and write off your new car or it is stolen and not recovered a year after buying it, your insurer will only pay out its current value. This is likely to be much less than the amount you paid.

WHAT DO YOU GET WITH GAP INSURANCE?

benefit from:

  • Three Years Unlimited Mileage Protection
  • Cover the vehicle’s value, with a claim limit of up to £50,000 (depending on the value of the car).
  • Protection between the vehicle’s purchase price and value after your insurer pay out.

GAP Insurance is designed to plug the gap between what your insurance company pays out after a total loss claim and what the car was bought for. That includes any dealer-fitted accessories or modifications.

GAP Insurance can be purchased with an up front payment or spread over the term of your finance agreement

How much is it?

The cost of Gap insurance depends on the original purchase price (Value Covered) of the vehicle being purchased

Term InsuredValue CoveredPrice
3 YearsUp To £15,000£349
3 Years£15.001 to £25,000£399
3 Years£25,001 to £50,000£449