Let’s say your vehicle cost £20,000 and it is unfortunately involved in an accident or stolen, and your motor insurance provider declare it a total loss.
Using current market conditions the motor insurance provider values your vehicle at the time of the accident as £10,000. However, the Finance Company still show the vehicle as worth £13,000 worth of rentals and re-sale value.
The GAP protection will payout the £3,000 difference on a successful claim - it’s as simple as that!
Email : email@example.com
Telephone : 03333 70 2121
Company Address :
21st Century Motors Limited
Cotton Court Business Centre
Member number 2223
21st Century Motors Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 682528
Registered in England & Wales with company number : 08901938 | Data Protection No : ZA105350 | VAT No : 214205361
Registered Office : Cotton Court, Preston, Lancashire, PR1 3BY
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
Copyright © 2020 21st Century Motors Limited, All rights reserved.
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