Also known as: ‘Finance GAP’.
In the event of an insurance write-off, the motor insurance company is only obliged to pay the ‘fair market value’ for the vehicle. This may or may not be sufficient to cover the amount required to settle off the Contract Hire Agreement. Contract Hire GAP Insurance covers this potential shortfall (subject to conditions).
Contract Hire GAP is suitable for the following contract types:
Business Contract Hire (BCH)
Personal Contract Hire (PCH)
Finance Lease (FL)
Yorkshire Fleet Management Limited is authorised and regulated by the Financial Conduct Authority. We provide motor vehicle finance brokerage services to customers via a third party finance partner on a lease agreement, and we are directly authorised to sell insurance products. Our registered address is Medina House, No 2 Station Avenue, Bridlington, YO16 4LZ, and our trading address is Wold House Stables, Widger Mews, Langton Road, Norton, Malton, North Yorkshire, YO17 9QG. Our Financial Conduct Authority Firm Reference Number is 649902. You can verify our status on the Financial Services Register by visiting the FCA’s website at www.fca.org.uk or by contacting the contact centre on 0845 606 9966.
Also known as: “Back to Invoice GAP”, “VRI GAP” or “BTI GAP”.
In the event of an insurance write-off, the motor insurance company is only obliged to pay the ‘fair market value’ for the vehicle. RTI GAP Insurance pays the financial shortfall between the insured value and the greater of either the original purchase price of the vehicle or the outstanding settlement value on your finance agreement (subject to conditions).
Return to Invoice GAP is suitable for the following contract types:
Business Contract Purchase
Personal Contract Purchase (PCP)
Lease Purchase
Yorkshire Fleet Management Limited is authorised and regulated by the Financial Conduct Authority. We provide motor vehicle finance brokerage services to customers via a third party finance partner on a lease agreement, and we are directly authorised to sell insurance products. Our registered address is Medina House, No 2 Station Avenue, Bridlington, YO16 4LZ, and our trading address is Wold House Stables, Widger Mews, Langton Road, Norton, Malton, North Yorkshire, YO17 9QG. Our Financial Conduct Authority Firm Reference Number is 649902. You can verify our status on the Financial Services Register by visiting the FCA’s website at www.fca.org.uk or by contacting the contact centre on 0845 606 9966.
