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S. & P. Smith Insurance Brokers - (Northern Ireland Based)

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This Page holds information on special products/cover/services of benefit to you.

What is GAP Insurance?

Guaranteed Asset Protection Products to protect individuals against a potential financial shortfall between their insurance company pay out and the remaining balance of a finance agreement, the original invoice price or the cost of replacing their vehicle like for like in the event of vehicle theft, or the vehicle being written off through an accident or fire.

Special Features & Cover

Choice of GAP products tailored to individual requirements:

Bronze GAP

 

The Bronze Policy will cover the difference between the motor insurance settlement and any outstanding finance payments, clearing the liability for a new agreement to be taken out on a replacement vehicle

3, 4 or 5 Year Cover

 

 

Silver GAP

The Silver Policy will cover the difference between the motor insurance settlement and the invoice value of the vehicle at the start of the agreement, meaning the original purchase price is received in full.

If the vehicle is financed this payment can be used to settle the outstanding amount owed with the remaining balance put towards a replacement vehicle.

 

 

3 Year Cover

 

Gold GAP

The Gold Policy will cover the difference between the motor insurance settlement and the current value of an equivalent new vehicle.

If the vehicle is financed this payment can be used to settle the outstanding amount owed with the remaining balance put towards a replacement vehicle.

 

 

3 Year Cover

 

Protects your investment
Provides Cover for up to 3 years
Covers shortfalls up to £20,000
Covers New & Used Vehicles
Available for all vehicles, either financed or cash purchased
No vehicle age restrictions
Three levels of cover to suit most circumstances
Claims paid quickly

 

 

 

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Last modified: September 23, 2005