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UK Government Access Keys System

GAP (non truck)

Financed Gap / Return to invoice (cars & vans up to 3.5 tons)

  • The first benefit is common to both
  • FG is £10,000 limit but RTI is £15,000 or £25,000
  • Standard value limits are - FG £75,00 (cars) and FG £40,000 (vans) and RTI £80,000 - Higher limits are OK but need referall
  • This benefit is standard but for FG a limit of up to 8 years old applies and RTI this reduced to 5 vary dependant upon value of car under both products. Could say premiums from £195 as this is the cheapest
  • FG is 60 months cover or length of finance whichever is less, RTI is 36 months from purchase date of vehicle
  • We do not do GAP for motorbikes and as the other GAP products are listed I would delete this last line
  • Add - only applies to vehicles which are insured on a fully comprehensive basis
  • Add - policies are not transerfable to new / other vehicles

Contract hire/ lease hire (cars & vans up to 3.5 ton)

  • The first benefit is OK
  • Limit is £10,000
  • Standard value limits are £100,000 - monthly contract hire re-payment not to exceed £1,000 (Ex VAT)
  • Limit of up to 5 years old applies
  • One off premium for the duration of term is correct and premium is from £210 + IPT (varies with value/type)
  • 48 months cover or length of finance whicever is less and policy must be incepted within 3 months of the contact / lease hire.
  • Add - only applies to vehicles which are insured on a fully comprehensive basis
  • Add - policies are not transerfable to new / other vehicles
Man infront of truck
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