SEAT Insurance products are designed to ease the pain, ensuring that if the unforeseen happens you and your SEAT have the best protection available.
Our gap insurance (also known as guaranteed asset protection) helps to bridge the payment gap between the settlement amount from your motor insurer and the original purchase price of your car or the outstanding finance.
So if your car is written off, or stolen and not recovered, the additional worry of finding the money to purchase a replacement SEAT could be taken away.
We think you deserve another new SEAT if yours is no longer with us. So SEAT Insurance provides you with a range of cover to choose from:
1. Return to invoice price
Pays the difference between the original purchase price of your SEAT and the total loss settlement paid to you by your motor insurer.
2. Outstanding finance
Pays the difference between any outstanding finance (excluding any arrears) on your SEAT and the settlement paid to you by your motor insurer.
3. Return to invoice price and outstanding finance
Combines the advantages of return to invoice price and outstanding finance. Paying the difference between the total loss settlement paid by the motor insurer and the original purchase price or the amount required to settle the finance agreement, whichever is greater.
4. Lease charges
For vehicles financed on a contract hire agreement, lease charges pays the difference between the motor insurance payout and the amount required to settle the agreement.
The original purchase price includes all factory fitted accessories and any discount given but excludes SEAT dealer fitted extras or accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums, warranty premiums and any such associated costs and any negative equity.
How does gap insurance work?
If, for example, you purchased a vehicle costing £15,000 and it is written off after 15 months, your motor insurer may only pay out the current market value which might be £11,000. To replace your SEAT with another model worth £15,000 you will need to find £4,000. However, with our return to invoice price cover we could pay you the missing £4,000.
With our outstanding finance product the gap insurance payment would only be sufficient to cover any charges (up to a maximum of £10,000) that would need to be paid in order to fully settle your finance agreement.
HOW CAN I ARRANGE GAP PROTECTION?
Arranging SEAT I gap insurance is really easy. Contact us at Sinclair and we can help you work out which level of cover is right for you. They can then set up your policy there and then.
GAP INSURANCE STANDARD FEATURES:
- Genuine SEAT parts and repairs guaranteed for three years
- Guaranteed courtesy car
- Recovery of your car after theft, vandalism or in the event of an accident
- Driving other cars
- Windscreen cover
- Foreign travel
- Personal accident
- Luggage trailers
- Legal expenses
- Paper documents
If you are not ready to switch your insurance to us at the moment, then take advantage of our free Ensurance cover.