Fleet GAP Insurance

Protect your fleet in the event of theft or write-off and keep your business moving.

Fleet GAP Insurance is for fleet operators who want a flexible policy to protect the financial investment in a fleet, in the event that vehicles are stolen or written-off.

It is likely that your motor insurer will only pay the current market value for the vehicle. This amount could be less than the cost of replacement or, to cover the outstanding amount on the finance/lease agreement.

Therefore, whether it is your fault or not, having a vehicle written off could leave your business out of pocket, plus the added stress of having a vehicle off the road and re-adjusting workload to keep customers happy.

Costs to your business can include:

• Sourcing a temporary hire vehicle
• The excess to pay the motor insurer
• Potential shortfall between the insurer’s settlement offer and any outstanding finance/termination charges
• Additional costs to purchase a replacement vehicle

All these costs add up and could put financial strain on your business. 

Fortunately we can offer a low-cost solution that can potentially save your business a lot of money in the long-run. For peace of mind, Fleet GAP Insurance will:

• Cover ￡250 of your motor policy excess
• Pay the difference between the motor insurer's settlement figure
• Pay the outstanding amount owed to the finance/lease company
• Or 25% of the motor insurer's total loss settlement figure. (Whichever calculation is the greater.*)

This extends to include:

• A temporary replacement car or van up to 3.5T GVW, for up to 42 days once the motor insurer has confirmed the total loss
• Insurance cover for the temporary vehicle
• Commercial vehicles up to 44T GVW and under 15 years old
• Vehicles on lease / contract hire, finance and owned outright.

Fleet GAP Insurance can save a lot of hassle, we take care of you so that you can take care of your business.

Contact us for more information on 01482 247477 or email [email protected].