Lease GAP

This GAP Insurance has been designed for vehicles that are financed on Contract Hire or Personal Contract Hire.

In the event the insured vehicle is the subject of a Total Loss the Lease GAP Insurance will pay the difference between the comprehensive motor insurers Total Loss settlement and the Early Settlement charge applied by the vehicle finance company up to a maximum amount.

The settlement is made direct to the finance company.

Eligibility:

• The purchase price of your vehicle does not exceed £100,000.
• Your monthly Contract Hire repayment amount is not more than £1000 per month excluding VAT.
• The vehicle is under 8 years of age and registered in the United Kingdom.
• Your vehicle is covered by a UK comprehensive motor insurance policy issued and maintained in your name.
• Your vehicle is not an Emergency vehicle, Taxi, Bus, Truck or Heavy Goods Vehicle.
• Your vehicle does not exceed 3.5 tonnes.
• Your vehicle is on a Personal/Business Contract Hire, Lease Hire or Contract Hire Agreement.
• Your vehicle is shown in Glass’s Guide.

For further details on the terms and conditions that apply to Lease GAP Insurance please read the Policy Summary, a copy of the policy wording is available on request please call us on : Telephone 0845 270 7607.