SMC Guaranteed Asset Protection (GAP Insurance)

For total peace of mind you can’t live without….

If your new car is written off, the settlement value from your motor insurance company may be insufficient to buy a replacement vehicle, or may leave you owing money to the Finance Company for a vehicle which has already been written off.

Guaranteed Asset Protection – Vehicle Replacement Insurance 3 years cover for NEW VEHICLES ONLY

Vehicle Replacement Insurance will cover the difference between your motor insurance settlement and the current value of an equivalent new vehicle.  If the vehicle is financed this payment can be used to settle outstanding amount owed with the remaining balance to put towards a new replacement vehicle.  Subject to terms and conditions.

Benefits to you

• Provides cover for three years
• Pays the shortfall between the vehicle insurer’s valuation at the time of loss and the list price of an equivalent new vehicle model.
• Clears the finance agreement if it exceeds the original purchase price
• Includes all factory and dealer fitted accessories.
• Pays out a maximum of £20,000 including VAT
• Available for all vehicles, either financed or cash purchased.
• Claims paid quickly to get you back on the road.
• New vehicles only

Retail Price Protection / Return to Invoice

Provides up to 36 months cover and pays the difference between your motor insurance settlement and the invoice price you originally paid for the vehicle.  Subject to terms and conditions.

Benefits to you

• Provides cover for three years
• Pays the shortfall between the vehicle insurer's valuation at the time of loss and the original invoice price of the vehicle.
• Clears the finance agreement if it exceeds the original purchase price
• Includes all factory and dealer fitted accessories.
• Pays out a maximum of £10,000 including VAT
• Claims paid quickly to get you back on the road.
• Any Age or Mileage