Mercedes-Benz CharterWay Finance GAP is designed to meet the possible financial shortfall between the motor insurance settlement paid by the motor insurer in the event of your vehicle being written-off and the early settlement amount required by the finance company to settle your agreement with them. The policy covers the shortfall up to a maximum of £10,000.

Mercedes-Benz Charterway Finance GAP Insurance is underwritten by Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, Sociedad Anonima, Registered Office: Mapfre House, 2/3 Philpot Lane, London EC3M 8AN. Company No: FC021974. Branch no: BR008042. Authorised by the Financial Services Authority. Finance GAP insurance is administered by Abraxas Insurance Administration Services Limited, Unit 1 and 2 Buckingham Court, Beaufort Office Park, Almondsbury, Bristol, BS32 4NF. Authorised and regulated by The Financial Services Authority.

If your vehicle is written off due to an accident, fire or theft, and the amount your motor insurance policy pays is not enough to settle your outstanding finance agreement, Finance GAP could pay the difference between the early settlement amount required by the finance company and the motor insurance settlement.

Finance GAP will also cover up to £250 in respect of any motor insurance policy excess you have had to pay to the motor insurer as part of your total loss claim.

The maximum benefit payable under this policy is £10,000.