Combined GAP Insurance
What us Mercedes-Benz Combined GAP Insurance?
GAP Insurance offers the policyholder the opportunity to not incur financial loss if their vehicle is written off and is not replaced by the motor insurer; paying out only the market value at the time of loss.
If you purchase your Mercedes-Benz with cash
Mercedes-Benz Combined GAP Insurance makes up any shortfall between your motor insurance settlement offer and the original purchase invoice price.
If you have chosen to finance your Mercedes-Benz
Mercedes-Benz Combined GAP Insurance makes up any shortfall between your motor insurance settlement offer and the original purchase invoice price, or if greater the shortfall between the finance settlement.
In the event of a claim and with your permission, the administrator can negotiate on your behalf, to ensure you are receiving a fair value for your vehicle, with your motor insurance company. Please contact the administrator before accepting any offer from your motor insurance company; otherwise the benefit of this policy may be reduced.
This product can be provided to include Hire and Reward, if you plan on using your Mercedes-Benz for commercial hire and reward purposes e.g. couriers, private hire, chauffeurs etc