Finance Gap Insurance

 

 

Mercedes-Benz Finance GAP Insurance.[1]

Mercedes-Benz Finance GAP Insurance is designed to meet the potential financial shortfall between the motor insurance settlement paid by the motor insurer in the event of your vehicle being written-off and the early settlement amount required by the finance company to settle your agreement with them. The policy covers the shortfall up to a maximum of £10,000.

Benefits:

If your vehicle is written off due to an accident, fire or theft, and the amount your motor insurance policy pays is not enough to settle your outstanding finance agreement, Finance GAP could pay the difference between the early settlement amount required by the finance company and the motor insurance settlement.

Finance GAP will also cover up to £250 in respect of any motor insurance policy excess you have had to pay to the motor insurer as part of your total loss claim.

The maximum benefit payable under this policy is £10,000.

 

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[1] Mercedes-Benz Invoice GAP and Finance GAP are underwritten by MAPFRE Asistencia Campania International de Seguros, Sociadad Anonima which is authorised by Direccion General De Seguros and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and Prudential Regulation Authority are available on request. Registered Address: 5th Floor, Alpha House, 24a Lime Street, London EC3M 7HJ. Company Number: FC021974. Branch Number: BR008042. Mercedes-Benz Invoice GAP and Finance GAP are administered by Abraxas Insurance Administration Services Limited, Unit 1&2, Blenheim Court , Beaufort Park, Almondsbury, Bristol BS32 4NF. Authorised and regulated by the Financial Conduct Authority. This text provides only an outline of the benefits of cover available and does not constitute full terms and conditions. Available at Participating Dealers Only.

 

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