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Lloyd Gap Insurance

You still have time to benefit! 

 

In the unfortunate event that your car is written-off or stolen and declared a total loss, your insurance company may not pay out your original purchase price. Most insurance companies will only make payment based on the market value of the vehicle at the time of the claim.

Any depreciation or loss in value that takes place since you took delivery of the car may not be covered. The Lloyd Ultimate GAP Insurance will put you in a position to purchase another vehicle of the same value.

Guaranteed Asset Protection (GAP) …

covers the difference between any Total Loss motor insurance payout and the greater of any outstanding finance commitments or the original invoice price you paid at delivery.

 

Example:  Your total payout would now be £20,000 minus your excess. This would leave you financially in a much better position to replace your car. 

*subject to a successful claim

 

Questions and Answers …

 

Q.   Why should I buy Guaranteed Asset Protection?

A.   Every 90 seconds a car is stolen in the UK. Car crime represents 30% of ALL crime in this country. Over 500,000 vehicles are registered as total losses due to theft or accident damage each year. We cannot guarantee that this will not happen to your vehicle, but we can guarantee to assist you financially in the event that it does.

Q.   How much will it cost?

A. The cost of the product will vary depending on the level of cover, vehicle invoice price and length of cover you require. Spread the cost with low monthly repayments. Ask for details.

Q.   How do I apply?

A.   Call Lloyd MINI today on 01228 404 505.