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Would you like to have
the security of GAP cover but simply can't afford what your motor dealer wants to charge you for it?
Have you
recently bought a used vehicle privately and thought you couldn't even get GAP cover?
Well think again, because you can now have the security of protecting your motor vehicle investment at a realistic premium with a policy arranged by Clover Insurance Services in conjunction with HSBC Spectrum and Pinnacle PLC to bring you Spectrum GAP Plus Insurance, cover that is both affordable and practical.
What is Spectrum GAP Plus cover?
If your vehicle is written off, Spectrum GAP Plus, will help to ensure that you are able to buy a replacement vehicle of similar value, by paying the difference between the motor insurance settlement and the invoice price you originally paid for the vehicle (if your vehicle is new) or the Glass's Guide Retail Price for your vehicle on the day you took out the insurance (if your vehicle is used).
A Return to Invoice product is usually only sold at point of sale by motor dealers and is sometimes only available on new or nearly new vehicles but what makes Spectrum GAP Plus unique is that you can buy this cover separate to the vehicle or finance and have more flexibility in terms of vehicle eligibility than many other policies.
 How does it work?
If you suffer a total loss of the vehicle, either by fire, theft or accident total write-off, you will receive an amount of money equivalent to the current retail market value of the vehicle from your motor insurer. Unfortunately this can create a “gap” either in what you owe to the finance company or what you lose in deposit and can affect your ability to purchase another car without acquiring additional funds to do so.
Benefits of Spectrum GAP Plus
- Cover is available for either 2 or 3 years.
Covers motorcycles of 500cc or over, up to 5 years old and up to 80,000 miles.
Covers new or used cars and light commercial vehicles up to 5 years old and 80,000 miles.
Maximum gap payout is an impressive £15,000.
Covers up to £250 of any excess payable.
Innovative Glass’s Guide valuation for used vehicles
So How Much is it?
A two year policy costs just £165.00* and for three years it's only £199.00*.
So why pay more for a similar product from your motor dealer when you can get it from us at a fraction of the price?
Our hours of opening are: Monday - Friday 09.30 - 17.00 and Saturday 09.30 - 12.30.
Key Facts
Policy Document
*Premiums Shown are inclusive of 5% Insurance Premium Tax |
