Contract Hire Gap Insurance

By: Finance Gap Insurance  25/06/2009
Keywords: RTI GAP INSURANCE

 How our Contract Hire Upgrade works
This is an optional upgrade to your Car Gap Insurance, available if you obtained your car from a vat registered motor dealer in the last 90 days. Many contract hire lease agreements have stringent penalty clauses for early termination, some-times as much as 50-70% of the remaining rentals.

If your car's stolen or damaged beyond repair the combined benefit of Contract Hire upgrade together with the Car Gap Insurance pays the difference between your motor insurers' settlement, the value of your car when you purchased this insurance PLUS, if the termination charge of the contract hire / lease agreement is greater than the value of your car when you purchased this insurance, we will pay the additional shortfall ensuring you are not out of pocket.

Keywords: RTI GAP INSURANCE