Will GAP Insurance cover the deposit paid I on my leased car?
- 22 Feb 2021
- Phoebe - Digital Marketing Assistant
If your vehicle is written off and your vehicle was on a contract hire/lease agreement, we will pay the difference between the motor insurance settlement and the termination charge applied by the finance company.
We will also cover your initial deposit rental paid on your vehicle up to a maximum value of 3 of your monthly rentals.
Your GAP policy on a lease agreement or contract hire will also include £250 towards your motor insurance excess as well as £1500 towards any dealer fitted accessories that are shown on your original vehicle invoice.