The Risk
Because vehicles, particularly working vehicles, tend to depreciate quickly during the first years of ownership, there is an increased chance that in the event of a total loss claim, your motor insurer’s ‘market value’ settlement will not be enough to cover the outstanding finance amount.

The Product
For the benefit of our customers, Scania Insurance has built Scania GAP Insurance to provide protection for the amount left outstanding on a finance contract following payment by motor insurers of a total loss claim.

Eligibility
Any new truck, regardless of make, which is comprehensively insured by a UK registered motor insurer.

Cover
The premium per vehicle provides the selected level of cover for loans up to a maximum term of 5 years. In addition the insurer will also pay up to £300 towards any policy excess that may apply.

Advantages
Debt cleared allowing easier replacement of written-off vehicle. Furthermore lengthy claims negotiations should be alleviated and vehicle downtime reduced.

Exclusions
Foreign registered vehicles. UK registered vehicles used on the continent (including Eire) will be covered as long as the UK registered motor insurer has extended cover. Cement mixers, rigid car transporters and tankers carrying corrosive, toxic or inflammable goods. Vehicles which are not brand new at the point of purchase.

How to arrange Cover
To effect cover simply ask your Regional Finance Manager or contact Scania Finance Great Britain Ltd, whereupon a quote and cover can be arranged. Upon receipt of the premium, your policy will be dispatched within 30 days. We can also provide cover for any of your other financed vehicles, even where the finance is not provided by Scania Finance Great Britain Ltd.

Contact our Insurance Team today to find out what we can do for you and your business. Call 0870 907 9610.