Ford Home
 
Guaranteed asset protection
Guaranteed Asset Protection (GAP)
In the unfortunate event that your Ford is written off or stolen and declared a total loss, your insurance company may not pay out the original purchase price of the car. This is because many comprehensive motor insurers make a payment based on the market value of the car at the time of the total loss – not on the original purchase price. Any depreciation or loss in the value that takes place after you have taken delivery of your Ford may not be covered. This is your potential loss; however you can choose between two levels of cover.
Ford Insure Invoice GAP
Ford Insure Invoice GAP covers the difference between your motor insurance settlement and the original price paid for the vehicle including all factory-fitted accessories and any discount given, but excluding other extras, up to the net invoice price of your vehicle*. Cover is available on all Fords, whether you paid cash or financed your car.
 
*subject to terms and conditions
  
If your Dealer is authorised to sell insurance please ask him for more information.
Ford Insure Combined GAP
This policy will either pay your finance company the difference between your motor insurance settlement figure and the outstanding finance early settlement balance, or pay you the difference between the net invoice price of your insured vehicle at the start date and your motor insurance company’s settlement figure. In the event of your vehicle being written off during the period of combined cover, the policy will pay out whichever of the two is greater, up to the net invoice price of your vehicle*.
 
*subject to terms and conditions
 
Both of the above types of cover are also available as a Deferred GAP option for those vehicle owners who currently have new for old motor insurance cover and thus, will not require the GAP cover immediately.

Guaranteed Asset Protection is underwritten by Mapfre Asistencia Compania Internacional de Seguros y Reaseguros Sociedad Anonima, which is authorised by Direccion General De Seguros Ministerio De Economia Y Hacienda (in Spain) and subject to limited regulation by the Financial Services Authority. Details about the extent of regulation by the Financial Services Authority are available from them upon request. The product is administered by Abraxas Administration Services Ltd which is authorised and regulated by the Financial Services Authority. FCE Bank plc is authorised and regulated by the Financial Services Authority and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2011/010 EXP 13/09/2012
Policy documentation

Guaranteed Asset Protection is underwritten by Mapfre Asistencia Compania Internacional de Seguros y Reaseguros Sociedad Anonima, which is authorised by Direccion General De Seguros Ministerio De Economia Y Hacienda (in Spain) and subject to limited regulation by the Financial Services Authority. Details about the extent of regulation by the Financial Services Authority are available from them upon request. The product is administered by Abraxas Administration Services Ltd which is authorised and regulated by the Financial Services Authority. FCE Bank plc is authorised and regulated by the Financial Services Authority and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2011/010 EXP 13/09/2012
How do I get a quote?
You can get a quote by visiting your Financial Services Authority (FSA) authorised participating Ford Dealer.

Who would be my Insurer/Administrator?
Your Insurer/Administrator will be Mapfre Asistencia Compania Internacional de Seguros Y Reaseguros SA/Abraxas Insurance Administration Services Ltd, 9 Blenheim Court, Beaufort Park, Almondsbury, Bristol BS32 4NE, and they can be contacted on telephone number 01454 616300.

How do I make a claim?
You should contact the GAP Claims Department of the Administrator (Abraxas) on telephone number 01454 616300, PRIOR to accepting your motor insurance company’s settlement figure.

Can I cancel the policy?
You have a right to cancel the policy provided you inform the Administrator. If you inform the Administrator within 30 days from the start date of the policy a full refund of any premiums paid will be given provided no claims are known or reported. If you inform the Administrator after 30 days from the start date of the policy a pro rata refund of any premium paid will be given provided no claims are known or reported. If you need to cancel your policy, please contact Abraxas Insurance Administration Services Ltd, telephone number 01454 616300.

Can I pay by monthly instalments?
Yes there is an option for you to pay over 12 or 24 months.

I have a query about my GAP policy. How can I contact you?
If you have a query on your GAP policy then contact the administrator (Abraxas) on telephone number 01454 616300.

What if my motor insurance already covers me for new for old for the first year?
A Deferred GAP option is also available which will come into force at a time stipulated by you within the first twelve months.

Guaranteed Asset Protection is underwritten by Mapfre Asistencia Compania Internacional de Seguros y Reaseguros Sociedad Anonima, which is authorised by Direccion General De Seguros Ministerio De Economia Y Hacienda (in Spain) and subject to limited regulation by the Financial Services Authority. Details about the extent of regulation by the Financial Services Authority are available from them upon request. The product is administered by Abraxas Administration Services Ltd which is authorised and regulated by the Financial Services Authority. FCE Bank plc is authorised and regulated by the Financial Services Authority and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2011/010 EXP 13/09/2012
Contact us
To apply for cover
For further information about our GAP product please speak to your local participating Ford Dealer.
 
To make a claim
Please call 01454 616300.

Guaranteed Asset Protection is underwritten by Mapfre Asistencia Compania Internacional de Seguros y Reaseguros Sociedad Anonima, which is authorised by Direccion General De Seguros Ministerio De Economia Y Hacienda (in Spain) and subject to limited regulation by the Financial Services Authority. Details about the extent of regulation by the Financial Services Authority are available from them upon request. The product is administered by Abraxas Administration Services Ltd which is authorised and regulated by the Financial Services Authority. FCE Bank plc is authorised and regulated by the Financial Services Authority and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2011/010 EXP 13/09/2012
 
Bookmark & Share