Insurance

GAP Insurance - It's a Great Feeling! 

Have you ever had your car written off? Do you remember the feeling when your insurance payout was less than you had hoped?    

Starting from just £199 over 3 years, Gap insurance is a relatively new type of extra cover to protect your investment in the event of a total loss.  

Should the worst happen, then you will receive back exactly what you paid for your prestige car.  

This bespoke GAP insurance policy is only available at the Cambridge Car Company. 

·         Pays the difference between your Motor Insurers settlement and the original amount you paid for your car!

·         Great cover for your new or used prestige/performance car.

·         Covers any depreciation on your car for up to 3 years.

·         Gap Insurance gives you added protection if your car is declared a "Total Loss".

·         It covers you should another driver cause the accident and your car is a total loss.

·         Gap Insurance is available to you whether you paid cash or financed the car.

·         Refunds up to £50,000 depending on the original invoice price and cover taken.

·         Covers cars up to 7 years old.

EXAMPLE

Let’s say that you purchased your car for £25k and a year later had an accident that was not even your fault.  Your insurance company asses the value of your car and agree to pay your £18k. It was not what you had hoped as you felt it was worth £22k.  Now you have to buy a new car and you are down £7k from the original price or £4k on what you personally thought your car was worth.This is where Gap insurance comes into play.  Starting from £199, you can protect the difference, so that should your car be declared a total loss, then you will receive back the total amount you paid for the car in the first place. 

In the above example, you would get 18k from your insurance company and 7k from your Gap insurance policy.

Then you are off to buy a new car with the original 25k you started with.

Notes: Please read terms and conditions of Gap insurance carefully. Full details are available on request.