GAP Insurance

GAP Insurance from Yeomans Toyota

Funny thing, car insurance. Even with a driving record as clean as new-fallen snow, your premiums never seem to go down. And yet, what your insurance company is prepared to pay out certainly does.

If your car is written off or stolen, you won’t get the purchase price: you’ll get its current value on the open market. And if you want to see the difference between the two, just check the classifieds. All of which seems a bit unfair.

But with our exclusive GAP Insurance, you’ll get back exactly what you paid. Here’s what usually happens…

You buy a new car for, say, £14,000. A year later, it gets written off by the insurance company following an accident or theft. In this event, you’d be sent a cheque for the current market value: call it £10,000. Which means either finding another £4,000 to buy a similar replacement, or settling for something not quite as good. And what’s worse, with every passing year, that shortfall’s just going to get bigger.

…and when you have GAP Insurance

You buy the same car for £14,000, and the same misfortune strikes. But as well as the cheque for £10,000 from the insurance company, you get one from us for £4,000, too. Which means you’re not a penny out of pocket, and you can replace the car like for like. And with cover for three years, it doesn’t matter how much your insurance company slices off: we’ll make sure you get what you originally paid, in full.

And, if you've bought your car on finance and the finance settlement value is greater than the original invoice price, then we'll pay that for you instead.

Example
If you purchased a new Toyota and it was written-off one year later (based on a three year Toyota GAP Vehicle Replacement Insurance cover)
Invoice Price £14,000
Insurance write-off value £10,000
Shortfall £4,000
Toyota GAP Vehicle Replacement Insurance will pay £4,000
Loss to you NIL

Toyota GAP Insurance is incredibly simple. We think you’ll find the decision is, too. For further details and a quotation, please talk to the Business Manager at your nearest Yeomans Toyota centre.

 

A copy of the full terms and conditions is available upon request.