Fleet GAP Insurance is an optional insurance policy and is suitable for companies who would like to protect against a financial loss, if a vehicle is written off by your motor insurer.
If a vehicle on your fleet is declared a total loss this policy is designed to:
Increase the motor insurers valuation of your vehicle by 25% (this would be an amount paid to you in addition to the amount you would receive from your motor insurer); or
Clear the outstanding finance or lease amount.
Insurers will pay up to £300 towards any vehicle modifications required for mobility purposes or for the purpose of driving tuition.
Insurers will pay up to £250 towards your motor insurance excess.
If your vehicle(s) is/are electric for which the battery is subject to a contract hire or lease agreement insurers will pay the shortfall between the motor insurer’s total loss settlement of the battery and the early termination charge that you owe your lease company.
Want a Fleet GAP Insurance Quote?
Simply complete the following form and we will email a formal quotation: