Why do I need Motorcycle Value GAP Insurance? It is a sad fact that vehicle related crime represents a significant percentage of all reported crime in the UK. How often have You heard of people who have had their vehicle stolen or written off and have not been able to replace their vehicle with another of a similar value?
This is because at the time of loss You will only be entitled to receive the current market value of Your Vehicle from Your insurance company, not what You paid for it.
How Motorcycle Value GAP Insurance cover helps You.
In the event of a Total Loss happening within the Geographical Area and occurring within the Period of Insurance, the Insurer will pay the difference between the Market Value of Your Motorcycle at the Point of Total Loss and the Market Value of Your Motorcycle at the time of purchase, or the Purchase Price, whichever is the lower.
Even though You're insured,
Your payout could stop here...
If You are wise,
We'll pay the rest...
'We pay for what Your insurance company does not.' Motorcycle Value GAP Insurance is Our commitment to helping You retain financial security and peace of mind when You need it most. You could receive up to the original Purchase Price.
The Cover
To take advantage of the benefits of Motorcycle Value GAP Insurance Your Vehicle must be:
insured by a Motor Insurance Policy issued by an authorised UK motor insurer, which insures against accidental damage, fire and theft.
listed in Glass's Guide.
Please refer to Your Insurance document for full Terms and Conditions.
Important notice: Please note that an Insurance Summary does not contain the full terms and conditions of the Insurance product. Full terms and conditions can be found in the Insurance document.
