SPRINGFIELD GAP INSURANCE PROTECTION

In the unfortunate event that your car is written off, do you know what your insurance company pays you?

Only the current market value.

Not what you paid for your car. That's why we offer GAP unsurance, put simply, it pays the difference between current market value and what you paid, be it three months or three years ago.

Combined 'Return to Invoice' insurance and Finance GAP

• Covers the difference between the Motor Insurance Settlement or Glass's Guide Trade Value (whichever is the greater) and the original invoice price up to maximum of 105% of market value by Glass's Guide Retail Value or finance company settlement (whichever is the greater)
• Available for cars and commercial vehicles (up to 3.5 tonnes)
• Vehicles up to 7 years old are covered
• Cars costing up to £50,000 are covered
• RTI covers the first 3 years of ownership and last 2 years are Fiance GAP (last 2 years cover
  only applies to customers taking out finance)
• £25,000 claim limit
• Manufacturer fitted extras are covered
  (not dealer fitted extras)

Return to Invoice example

Cost of used car bought new:              £10,000

Insurance company offer:                   £6,700

GAP payout:                                      £3,300*

*This is the shortfall you would have suffered

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Combined 'Vehicle Replacement' insurance and
Finance GAP

Cover as per Return to invoice plus
If the car is under 180 days old, (up to 6 months old)
i.e. a new car or a demo, when bought then the payout
is a choice to have a replacement vehicle or the
difference between the Motor Insurance settlement or
Glass's Guide Trade Value (whichever is the greater)
and the original Invoice price/finance company
 settlement whichever is the greater.
The inception mileage at point of sale must not exceed
3000 miles.

Vehicle Replacement Insurance example

Cost of used car bought new:                £12,995

Total Loss:                                         1st 6 months of purchase

Outcome:                                           New car delivered