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Contract Hire GAP Insurance will, in the event of a total loss claim (accident, theft, fire or flood damage), cover up to 100% of the outstanding rental payments for the vehicle and cover any shortfall in the market value settlement provided by the insurer.
This plan covers any shortfall between the agreed full insured value that your motor insurer pays out and the invoice value of your vehicle or outstanding balance of your finance agreement - whichever the higher.