Benefits to your Business
Benefits to your Customers
Our 5* market leading combined GAP Insurance will protect your customers in the event of a total loss for up to 5 years. With no claim limit (aside from the original purchase price), £1,500 worth of dealer fitted accessories covered and a contribution of £300 towards insurance excess, it provides a compelling option for aftersales protection.* *Combined GAP includes Return to Invoice protection for the first 3 years and Financial Shortfall thereafter for a maximum of 5 years in total.
Return to Invoice
Suited for customers that don’t require Financial Shortfall protection after year 3, our Return to Invoice product offers most of the great features of our Combined GAP Insurance for a maximum of 48 months.
If you’re looking for a simple alternative, our Top-up GAP Insurance offers a payment of 25% of the insurer’s settlement in the event of total loss for a maximum of 48 months.
|FEATURES||COMBINED||RETURN TO INVOICE||TOP UP|
Maximum vehicle age
|No maximum||No maximum||No maximum|
Maximum vehicle mileage
|No maximum||No maximum||No maximum|
Term of cover
|36 or 48 months RTI & then up to a combined total of 60 months FS||36 or 48 months||Up to 48 months|
Vehicle insurance excess covered
|Original purchase price||Original purchase price||25% of market value|
Dealer fitted accessories cover
|Up to £1,500||Up to £1,500||Up to £500|
Covers contract hire and lease agreements
Vehicle covered whilst driving in EEA
These product features have all been specifically developed to create market leading GAP products for your customers
*Vehicles with a purchase price of £50k or over will have a fixed claim limit of £50k
Explaining GAP Insurance
We can help present GAP to your customers. Using tools like the animation below, we’ll provide added value to your business.
Benefits to your businessGuaranteed Asset Protection Insurance is a great way of increasing customer retention and adding an additional revenue stream – but it’s how we support you in doing this that sets us apart from the rest.
As with any insurance products, keeping within regulations is key. We’re an established Insurer, embracing regulation changes across the decades and our consistent focus on treating customers fairly means you can be confident that they are in good hands. With regulatory changes such as IDD and GDPR, we can provide support through your account management and useful information brochures.
All our underwriting is carried out by our excellent and experienced in-house team, allowing us to work with your business to create a solution that works for you. Unlike other providers, we do not outsource our underwriting which means you deal directly with us.
Through Microsoft Power BI we provide up to date MI to ensure you are fully aware of your scheme performance, and areas that can be improved.
Account Management & Training
Our dedicated account management will make sure that the end-to-end proposition and positive customer experiences are delivered from day 1. You also benefit from our wide range of in-depth, bespoke training programmes delivered by our dedicated national training team. Industry Professionals (with a proven track record in achieving sales success) will visit your business to carry out a Training Needs Analysis. This will identify the gaps in performance and enable us to agree the right solutions with you. We deliver interactive group training sessions to improve product knowledge, build on existing practices to establish a strong process and create strong product presentation skills, as well as continual 1:1 development sessions and action plans. We help with objection handling and product knowledge to ensure your customers are treated fairly with full confidence in what they’re buying.
You are likely to see your customers again if they require to purchase another car after a GAP claim. We will let you know when a previous customer has made a claim so you can reach out to them if they are in the market for a new vehicle.
Offering GAP provides more opportunity for your business to increase revenue.
Choice of cover to suit your customers
Different cover terms and types of GAP available means you can choose the product that suits your customers’ needs.
Option to have an accredited product
We can provide an industry accreditation to our Combined GAP product, if you feel this will help your business sell more policies.
One point of contact
We’re the insurer, administrator and claims handler for anything GAP related making it more convenient for you and your business.
Benefits to your customers
There will be less financial risk for your customers in the event of total loss.
Your customers can rely on The Warranty Group to ensure the claims journey is straight forward and uncomplicated.
GAP provides the peace of mind that extra cover is there should the worst happen.
Just some of the great companies we already work with.