Contract Hire Financial Shortfall
Contract Hire GAP covers the difference between the amount the Motor Insurer pays out (or the Glass’s Guide value – whichever is greater) and the amount required to settle the contract hire agreement, up to the maximum claim limit shown on the policy schedule.
Subject to certain limitations & exclusions. Please refer to the policy document for details.
This level of GAP Insurance covers the following vehicle types:
- Cars
- Light Commercial vehicles up to 7.5 ton
- Heavy Commercial vehicles up to 44 ton
- Bus and Coach
- Taxi
- Caravans and Motor Homes
- Agricultural and Ground Equipment
- Electric Cars ,Vans and Trucks
- Construction Equipment
