Guaranteed Asset Protection

How would you or your business cope with an unexpected financial shortfall?

A range of insurance products designed exclusively for customers of Close Asset Finance, to provide financial security and greater peace of mind for you and your business.

If your commercial vehicles, fixed assets or private cars become subject to an insured Total Loss while still financed with Close Asset Finance, your insurance policy will normally only pay you the market value, not the amount required to settle your finance agreement with Close Asset Finance.

This could leave you with:

An outstanding amount to be paid on your finance agreement.
Reduced profit margins and major disruption.
Having to take on an additional financial commitment to pay off your agreement.
Financial hardship which could affect your credit rating.
A business relies on its assets to generate income and make a profit. Fire, flood, vandalism and other catastrophes can put vital assets, plant and machinery out of action.
An unexpected Total Loss can cause major disruption and financial difficulties, putting your business at risk.

Plant theft is estimated to cost the Construction Industry a staggering £550 million a year. £1,000 for every minute of the day.

Over 47,000 light commercial vehicles are stolen each year, at a cost of £210 million (most are broken up for parts).

Each year 4,000,000 vehicles are involved in road accidents, 50,000 are commercial vehicles.

Choose the cover you need to protect yourself or business...

Provides cover for heavy or light commercial vehicles, business cars, fork lift trucks and plant and machinery. If your vehicle is subject to an insurable total loss in respect of accidental damage (including acts of vandalism), fire or theft, during the first five years of your agreement, following the settlement of your claim by your insurer, GAP will pay any further sum required to settle your finance agreement up to a maximum of £40,000.

Am I eligible for cover?

Yes. Provided you:

Have a finance agreement with Close Asset Finance Limited
Have a comprehensive and/or all risk Insurance

Simple Enrolment

You will have immediate cover as soon as you sign the finance agreement with Close Asset Finance Limited and have chosen the cover you require.

Please note that the full terms of your policy are set out in the policy document.

Close Asset Finance Limited is authorised and regulated by the Financial Services Authority.

Essential protection for plant & machinery, fixed assets, commercial and private vehicles.

How to Apply

Call your local Area Sales Manager or our main Tolworth office on 020 8390 8201.

Funding Options

Click here to find out about the alternatives available.

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Close Asset Finance Limited, Tolworth Tower, Ewell Road, Tolworth, Surbiton, Surrey, KT6 7EL