Lease and Contract Hire GAP Insurance
If your vehicle is declared a total loss, lease GAP insurance would cover up to 3 months deposit and pay the difference between the insurer's settlement offer and the early termination charge.
How can this vehicle GAP insurance benefit me?
In the event that your motor insurance company declares your vehicle as a total loss, this policy would pay the difference between the amount of your insurer's settlement offer and the early termination charge applied by your finance company.
Key things to note about the Lease GAP insurance
- Always contact us before accepting a settlement offer from your motor insurer, we may be able to get you a better deal.
- This policy is only for vehicles under a lease agreement.
At a glance...
|Unlimited mileage cover once policy has started|
|European cover, providing the motor insurance offers full cover too|
|Business use cover|
|We will pay up to £250 to cover the excess on your motor insurance policy|
|We will help you get the best settlement from your motor insurers|
|12, 24, 36 and 48 month options available on vehicles valued at less than £80,000 and registered less than eight years ago.|
No compulsory excess applied
Initial deposit of up to the value of 3 monthly rentals covered
Jackson Lee Underwriting Policies. If you purchased your policy between 01/06/2020 - 25/10/2021 then please refer to the following documents: