GAP Insurance
Call us today on Boston 01205 313404

No doubt, like most vehicle owners, you have taken out comprehensive motor insurance to guard against accidents and unforeseen incidents. Having done so, you’d probably assume that you’re covered against all eventualities. The problem is that comprehensive motor insurance companies pay out what the vehicle is worth at the time of the claim and not what you originally paid for it. This may leave you with a shortfall in the event of an insurance write off.

In this situation would you be happy to downgrade your car, or would you be in the position to pay an extra cost out of your own pocket to get a car similar to the one you previously purchased?

At Nissan Finance we believe that you should not lose out in the event of a total loss claim on your car through theft or accident. We offer two products that can help against the shortfall.

• Equity Protection Plan – If your car is the subject of a total loss claim within the term of the policy the plan will pay the difference between the amounts paid by the motor insurer and the original purchase price of the vehicle. As a result, you will not lose out financially and you will be in the position to purchase a car of the same value that you originally purchased.
  
• Shortfall Protection Plan – This product has been specifically designed for customers who have taken out finance on their vehicle. If your car were written off by your motor insurers as the result of accidental damage, fire or theft, there is a chance that the settlement you receive may fall short of the sum owed on your finance agreement. That’s where Shortfall Protection Plan can help. The plan will pay any gap between the outstanding balance on your finance agreement and your motor insurer's settlement (up to a maximum of £6,000).

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