In order to help you protect yourself and your new vehicle, we have put together a range of value for money insurance products.
Gap Insurance
Because cars tend to depreciate quickly in the first year, then more slowly as they get older, there is a risk that you will owe more to the finance company than the road-risk insurer will pay out if the vehicle is written off or stolen. GAP is designed to help you minimise that risk.
GAP insurance is relevant to all finance types (Contract Hire, Finance Lease, Contract Purchase, Lease Purchase and PCP), and should be a prime consideration for all companies or individuals. Even if you have obtained vehicles elsewhere, we are still able to offer a competitive quotation for GAP insurance.
Please email us for more information.
Payment Protection
For individuals who have taken out a finance agreement on a vehicle, this product is designed to bear the cost of running the vehicle should you find yourself to be out of work.
This would include, for example, being made redundant, falling ill for a long period or the victim of an accident. Payment Protection would make your monthly rental payments for you. This would mean that you would still have use of the vehicle while you recover or find a new job.
The Payment Protection Insurance, or PPI is suitable for individuals such as Employees, Company Directors or Sole Traders who are financing a vehicle themselves or under a company car opt out (Contract Hire, Finance Lease, Contract Purchase, PCP or Lease Purchase). Even if you have obtained vehicles elsewhere, we are still able to offer a competitive quotation for Payment Protection Insurance.
Please email us for more information.
Fixed Price Motor Insurance
We are able to offer a unique fixed price policy for 1,2,3 or even 4 years to match the term of your finance agreement. The obvious benefit is that you are able to now fix the cost of all your Motoring needs for the duration of your agreement.
Our Motor Insurance carries a promise not to increase your premium as a result of a claim.
Fixed Price Motor Insurance is great for everyone who wishes to enjoy being able to spread the cost of servicing etc evenly throughout the duration of the lease agreement. Even if you have obtained vehicles elsewhere, we are still able to offer a competitive quotation for Fixed Price Motor Insurance.
Please email us for more information.
Early Termination Insurance
Changes in Company Car Tax have seen a rise in the number of people “opting out” and buying their own vehicle for business purposes. This can be financially beneficial to the individual and may result in a greater choice of vehicle. It can, however, be risky. If you had to dispose of the vehicle for some reason, e.g. redundancy, ill health, etc. you may find that there will be a shortfall between what the car is worth and the termination charges for your agreement. ETG is designed, like GAP, to bridge the difference.
The Early Termination Insurance or ETG, is suitable for individuals and businesses who are financing a vehicle using Contract Hire, Finance Lease, Contract Purchase, PCP or Lease Purchase. Even if you have obtained vehicles elsewhere, we are still able to offer a competitive quotation for Early Termination Insurance.
Please email us for more information.
Corporate Early Termination Insurance
Specific to companies with a requirement to acquire a vehicle for an employee, Corporate ETG will help you to overcome the costs involved in disposing of that vehicle if the agreement needs to be cancelled early. This could be because the employee resigns, if they fall ill or have their driving licence withdrawn.
As GAP, Corporate ETG will pay towards any fees and shortfall between what the car is worth and what the finance company want in settlement.
