Asset Protection GAP Insurance

Your vehicle is a precious investment; one that you want to make sure is protected. In the event your vehicle is stolen or declared a write off by your comprehensive motor insurers, whether it was your fault or not, they may only pay out market value, at the time of your claim. This is where this Asset Protection Insurance would come in; it can cover the shortfall between that motor insurance settlement and the original invoice purchase price when you first took ownership of the vehicle, or the amount by which the finance agreement settlement figure (if any) exceeds the insured value. (Terms and conditions apply).

Asset Protection GAP Insurance is available for both cash customers and those who choose to finance the vehicle.

Product features include:

Contribution of up to £500 towards a motor insurance excess
Available for new and used vehicles up to 10 years old (at time of take up)
Motor insurance excess cover in the event of a non-total loss. One claim per annum up to £500 per claim
Provision of a courtesy vehicle for up to 30 days, in the event a motor insurer deems the claim to be a ‘fault’ claim
UK based company
A guaranteed minimum payment in the event of a total loss, equal to the premium paid by the customer, plus their excess up to £500.

Example of Product Pay Out

If you paid £30,000 for your vehicle and you suffered a total loss and your motor insurance company agree to pay out £18,000, this insurance will pay the difference of £12,000 to make up the shortfall between the price you originally paid.

Speak to your Retailer who will be able to assess your needs and offer you a suitable product.

Product exclusions include:

Where the vehicle or the driver is not covered by comprehensive motor insurance at the date of loss.
Cars purchased on Lease or Hire & Reward agreements
The vehicle must be under 10 years old and have a purchase price of £5,000 or more.
The policy must have purchased from the supplying dealer no later than ninety (90) days after taking delivery of the vehicle.

Making a Claim

Purchased between 1st July 2024 – Present

For any policies purchased from 1st July 2024, please use our administrators online claims application.

www.mypremia.co.uk

Alternatively, you can call the administrators on 01926 622 660 to register a claim. They are open Monday to Friday 8:30am – 5:00pm

Purchased after 1st January 2024

Please contact our Administrator, call 0344 573 8069. You can also email GAPclaims@carcareplan.co.uk

AutoTrust Asset Protection is administered by Car Care Plan Limited.

Car Care Plan, Jubilee House, 5 Mid Point Business Park, Thornbury, West Yorkshire BD3 7AG

Website: www.carcareplan.co.uk

This insurance is provided by AutoTrust, a trading style of Car Care Plan Limited, a company registered in the UK. Car Care Plan Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register number: 309268

Purchased between 1st April 2023 – 31st December 2023

For any policies purchased between 1st April 2023 and 31st December 2023, please use our administrators online claims application.

www.mypremia.co.uk

Alternatively, you can call the administrators on 01926 622 660 to register a claim. They are open Monday to Friday 8:30am – 5:00pm

Purchased between 7th June 2021 – 31st March 2023

If you purchased the Insurance between 7th June 2021 and 31st March 2023 please the insurers on 0203 467 3070. They are open Monday to Friday 9:00am – 5:00pm.

Disclaimer

Premia Solutions Limited, 3 Corunna Court, Corunna Road, Warwick CV34 5HQ. Premia Solutions Limited are an insurance intermediary who are authorised and regulated by the Financial Conduct Authority under registration number 310089. Details of the extent of Premia Solutions Limited’s regulation by the Financial Conduct Authority are available from Premia Solutions Limited on request. Registration details can be checked on the United Kingdom’s Financial Conduct Authority’s Financial Services Register. Fortegra Europe Insurance Company P.L.C. UK Branch, a branch of Fortegra Europe Insurance Company P.L.C. (Financial Conduct Authority registration number 805770).

Fortegra Europe Insurance Company P.L.C. has its registered office and principal place of business at Office 13, SOHO Office The Strand, Fawwara Building, Triq I-Imsida, Gzira, GZR 1401, Malta (Malta Company registration number C 84703), is authorised under the Insurance Business Act 1998 of the laws of Malta to carry out general business of insurance, and is regulated by the Malta Financial Services Authority of Triq l-Imdina, Zone 1, Central Business District, Birkirkara, CBD 1010, Malta. Together with its UK Branch, Fortegra Europe Insurance Company P.L.C. is authorised by the Prudential Regulation Authority, is subject to regulation by the Financial Conduct Authority, and limited regulation by the Prudential Regulation Authority. Fortegra Europe Insurance Company P.L.C. has a registered branch in the UK with its registered address at Fifth Floor, 20 Fenchurch Street, London, United Kingdom, EC3M 3BY (UK Branch registration number BR021916). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Annual reports on our solvency and financial position can be found at https://www.fortegra.eu/solvency-and-financial-condition-report.