At Acasta, we have plenty of experience as a GAP insurer. We underwrite a large number of GAP (Guaranteed Asset Protection) products each year. We offer Gap through our online portal and on a scheme basis. Our standard product covers GAP, RTI and RVI. However, we can tailor this through our schemes to just provide the cover you need for your client. Our GAP products can cover cars, vans (up to 3.5t), motorcycles and taxis.
As well as our GAP products, we are able to offer a variety of add on products to sell alongside the product. These include: Alloy Wheel, Motor Breakdown and MOT insurance. We can also work with you to underwrite other add on products you may require.
Our standard GAP covers the finance agreement. If your client needs to claim, we will cover the difference between the insurance pay-out to your client and the cost of your client’s finance settlement.
The Return to Invoice product will cover your client for the difference between the pay-out received from the main motor insurer, and the price your client has paid for the vehicle.
Our final product is Vehicle Replacement Insurance (RVI). The RVI product covers the difference between the pay out to the client and the cost of a similar vehicle at the point your client first purchased it.