Guaranteed Asset Protection Insurance can be added on to your motorcycle finance purchase, to protect you in the event of an accident, fire or theft that declares your bike a write-off.
Let’s say you bought your bike for £10,000, a year later you have an accident and your insurance company sends you a cheque for £6,000, when you still owe £8,000 on the bike. GAP Insurance will pay out the £2,000 difference, paying off the remaining balance to get you to your finance settlement figure.
This insurance cover ensures that you’ll never find yourself in debt to the finance lender. It doesn’t matter how much your insurance pays out, we’ll cover the difference.