GAP INSURANCE - DON’T GAMBLE WITH YOUR LIVELIHOOD

Your vehicle is probably your largest business asset. As with all assets, it will depreciate over time. In your profession, you are likely to incur a higher mileage than the average driver meaning that your vehicle’s depreciation will be greater. This coupled with the amount of time you spend on the road statistically puts you at a higher risk of a greater financial loss should your car be written off or stolen.

Your insurance company may be able to cover most of the damage, but who will pay for the difference between your insurance company’s payout and the original price you paid for your vehicle? Who will pay for your outstanding repayments, if financed? Don’t gamble with your livelihood.

Check out the valuable cover that GAP Insurance can offer you.

THE PROBLEM

THE QUESTION
How much would it cost if your car was stolen or written-off?

THE ANSWER
Even if you have fully comprehensive insurance, you could lose thousands of pounds.

WHY
Because your insurance may pay out a lot less than you might expect - it could be much less than you paid for your car and far less than the cost of replacing your vehicle.

THE COVER

GAP Insurance is available by paying a small one-off premium, or by convenient monthly instalments. GAP cover protects you against the serious financial loss you could suffer if your vehicle is stolen or written-off. It ensures that you can get back the full amount you originally paid for your vehicle.**

For example: You have paid £15,000 for your vehicle which is subsequently written-off. Your motor insurers assess the value of the vehicle at £10,000 at the time of write-off. You are effectively £5,000 out of pocket! With GAP Insurance, the £5,000 is paid leaving you safe in the knowledge that you can replace your vehicle with one of a similar price and standard.

THE SOLUTION

When your vehicle has been written-off in an accident or as a result of fire or theft you will have a lot to think about. You may have been hurt in the accident, and may lose income, whilst you replace your vehicle. You may also be reliant upon your vehicle for the school run, shopping, holidays and errands.

GAP Insurance provides the extra money needed to help you purchase a replacement vehicle or to help clear your finance.

GAP Insurance provides a unique opportunity to replace your vehicle with one equivalent to the original purchase price paid.**

**Provided your insurer pays current market value. Excludes dealer fit accessories and road fund licence.

GAP INSURANCE PROVIDES...

• The difference between your vehicle insurance settlement and the price you originally paid for the vehicle** - which means you get back the original purchase price in full.
• Payment up to a maximum of £10,000
• 3 year cover
• GAP cover is only available on cars purchased through branches of Renrod Ltd trading as Platinum
• Cover for vehicles up to a maximum purchase price of £20,000
• Cover on vehicles up to 7 years of age
• No mileage limitations or restrictions
• Payment of the initial insurance excess charge of up to £250
• Provides cover in European Community countries

Gap Cover subject to status. Gap Cover must be purchased within 90 days of vehicle invoice date. Vehicle must be covered by a comprehensive motor insurance policy.

Guaranteed Asset Protection is underwritten by IGI Insurance Company Limited. Registered office: IGI Insurance Company Limited, 10th Floor, Market Square House, St James Street, Nottingham NG1 6FG. IGI Insurance Company Limited is authorised and regulated by the Financial Services Authority.

This policy may be cancelled within 14 days of purchase subject to a £35 administration fee.

**Provided your insurer pays current market value. Excludes dealer fit accessories and road fund licence.

Platinum is a part of Renrod Ltd.

Renrod Ltd is authorised and regulated by the Financial Services Authority.

Please ask for full terms and conditions. All information correct at time of going to print. v1 February 2010