Platinum’s GAP Insurance…
Protects you from financial loss if your car is written off or stolen.

Buying a car is one of the most expensive purchases you may make during your lifetime, yet it’s also one of the most vulnerable of all your investments. Have you thought about what would happen if your car was written off, for example, due to an accident, fire or theft?  In these circumstances, you often end up being worse off financially, because your insurer is unlikely to give you back the price you paid for your car. Also, if you bought your car using finance, your insurance pay out may not be enough to cover the balance you owe your finance company.

In these difficult situations, Platinum’s GAP Insurance offers you protection against losing out financially.

Platinum’s GAP Insurance offers cover in the following ways:

• It pays the difference between the original invoice price you paid for your car and the amount you receive following your comprehensive motor insurance settlement, thus ensuring that you can get back the full amount you originally paid for your car.**

• If you purchased your car using finance, Platinum’s GAP Insurance will pay the difference between your motor insurance payout and the amount you owe your finance company to pay off the loan, even if the outstanding balance is more than the price paid for the car (excluding arrears).

• As motor insurers are generally increasing your voluntary excess costs, Platinum’s GAP Insurance will cover this up to a maximum of £250.

Benefits of Platinum’s GAP Insurance:

• Immediate cover for your new and used car, with no mileage limitations.

• We provide cover for 3 years, ensuring that the majority of your car’s depreciation is covered, returning you to the original invoice price.**

• If your car is written off or stolen in the first year and you make a claim under the replacement car benefit of your motor insurance policy, the remaining term of your Platinum’s GAP Insurance policy will be transferred to your new car.

• We will also pay up to £250 towards any excess you are required to pay to the motor insurer as part of your claim for the total loss.

• Includes cover up to £2,000 worth of manufacturer approved dealer fitted options.

• In the event of a total loss, an experienced claims team will be on hand to guide you through the claims process.

• Payable by a one off payment or by convenient 12 monthly instalments, whichever you prefer.

• Reduced premiums available for lower priced vehicles.

GAP Insurance Provides:

• The difference between your vehicle insurance settlement and the price you originally paid for your vehicle**

• Policy is transferable at any time provided the premiums have been paid

• Includes payment up to £2,000 for manufacturer approved dealer fit options

• Platinum’s GAP Insurance cover is only available on cars purchased through branches of Renrod Ltd trading as Platinum

• No mileage restrictions or limitations

• Cover available on vehicles up to 7 years of age at start of policy

• Payment of the initial insurance excess charge of up to £250

• Provides cover in European Community countries

Gap Cover subject to status. Gap Cover must be purchased within 90 days of vehicle invoice date. Vehicle must be covered by a comprehensive motor insurance policy.

Guaranteed Asset Protection (GAP) is underwritten by Amtrust Limited. Registered office: Amtrust Limited, 10th Floor, Market Square House, St James Street, Nottingham NG1 6FG. Amtrust Limited is authorised and regulated by the Financial Services Authority. This policy may be cancelled with a pro-rata refund subject to an administration fee.

**Provided your insurer pays current market value. Excludes dealer fit accessories and road fund licence and provided Platinum’s GAP Insurance provider Amtrust Ltd has consented to your motor insurers settlement.

Includes manufacturer approved dealer fit options up to a value of £2,000.

Platinum is a part of Renrod Ltd.
Renrod Ltd is authorised and regulated by the Financial Services Authority.
Please ask for full terms and conditions.
All information correct at time of publication v8 July 2011.
*Used cars and approved Renault repairer only