Whether you're looking to protect against vehicle depreciation or receive additional financial support after a total loss, MyCoverPlan offers straightforward vehicle protection designed to help when you need it most.
If your vehicle is declared a total loss, GAP Insurance would cover the difference and either pay your finance settlement or invoice price whichever is the highest.
BenefitsIf your vehicle is written off, Total Loss Contribution provides an additional payment to help towards the cost of your next vehicle, helping reduce the financial impact of an unexpected loss.
Benefits
Illustrative GAP Insurance example. This graphic does not apply to Total Loss Contribution.
GAP Insurance helps cover the difference between your motor insurer's settlement and either the original purchase price of your vehicle or your outstanding finance settlement, depending on your policy.
Total Loss Contribution provides an additional contribution if your vehicle is declared a total loss, helping you towards the cost of replacing it.
A total loss occurs when your motor insurer determines that your vehicle has been stolen and not recovered, or the cost of repairing it is uneconomical. This definition is referenced within the policy wording.
No. GAP Insurance and Total Loss Contribution work alongside your comprehensive motor insurance policy and are not a replacement for it.
Cover is generally available for eligible vehicles purchased within the qualifying period after purchase and covered by comprehensive motor insurance. Eligibility requirements are outlined within the policy documentation.
Following a total loss, claims can be submitted through the claims administrator in accordance with the policy terms and conditions.
Are you looking to speak to one of our experienced customer service team?
customercare@mycoverplan.co.ukMyCoverPlan,
Cobalt Business Exchange,
Cobalt Park Way,
Newcastle,
NE28 9NZ.
Following a total loss, claims are submitted through the claims administrator in accordance with the policy terms and conditions.
GAP Insurance claims informationPlease note: MyCoverPlan has no connection to Currys PC World. Payments for your MyCoverPlan policy will appear on your bank statement as "MyCoverPlan".
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