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When you consider that most vehicles go down in value and that finance repayments add up to more than the cash value of your vehicle, GAP Insurance can be a sensible addition to your commercial motor insurance policy.
This is because it covers the difference in your vehicle’s current value – what you’d expect to receive from you insurance provider if it’s written off or stolen – and what you have left to pay.
The team at EIC have different GAP Insurance options for a range of scenarios, including cover for single vehicles or for commercial fleets, so that your insurance policy is relevant to your needs.
This is important as different vehicle models might depreciate in value at different rates, making it essential that your business has flexible GAP cover that can take this into account.
Depending on the needs of your business, we can arrange a variety of GAP covers including;
- Commercial Return to Invoice
- Commercial Agreed Value
- Commercial Contract Hire GAP
- Commercial Vehicle Replacement
For a greater idea of how GAP Insurance can benefit the protection of your commercial vehicles, contact our team in Tring today.