Making sure you don’t miss outGap Insurance from Honda

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Gap Insurance

Funny thing, car insurance. Even with a driving record as

clean as new-fallen snow, your premiums never

seem to go down. And yet, what your insurance

company is prepared to pay out certainly does. If your car

is written off or stolen, you won’t get the purchase price:

you’ll get its current value on the open market. And if you

want to see the difference between the two, just check

the classifieds.

All of which seems a bit unfair. But with our exclusive

Gap Insurance, you’ll get back exactly what you paid.

Without anything taken off the top*.

*vehicle purchase price - excludes dealer fitted accessories.

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Here’s what usually happens…You buy a new car for, say, £14,000. A year later, it gets written off by

the insurance company following an accident or theft. In this event,

you’d be sent a cheque for the current market value: call it £10,000.

Which means either finding another £4,000 to buy a similar

replacement, or settling for something not quite as good. And what’s

worse, with every passing year, that shortfall’s just going to get bigger.

…and when you have Gap InsuranceYou buy the same car for £14,000, and the same misfortune strikes.

But as well as the cheque for £10,000 from the insurance company,

you get one from us for £4,000, too. Which means you’re not a penny

out of pocket, and you can replace the car like for like. And with cover

for three years, it doesn’t matter how much your insurance company

slices off: we’ll make sure you get what you originally paid, in full.

And, if you've bought your car on finance and the finance settlement

value is greater than the original invoice price, then we'll pay that for

you instead.

Another Slice of CoverIf you're less concerned about replacing your car and you just want to

make sure that the finance is paid off, then Honda Gap Finance

Shortfall Insurance may be what you want. It will pay the difference

between the write off value from your car insurer and your finance

settlement figure. This cover matches the term of your finance

agreement up to a maximum of five years. Ask your dealer for more

details on this cover.

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Invoice Price £14,000

Shortfall £4,000

Honda Gap VehicleReplacement Insurancewill pay £4,000

Loss to you NIL

Insurance write-off value £10,000

ExampleIf you purchased a new Honda and it was written-off one

year later (based on a three year Honda Gap Vehicle

Replacement Insurance cover)

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Handed to you on a plateHonda Gap Insurance is incredibly simple. We think you’llfind the decision is, too.

● We’ll pay you the difference between the original purchase price and the amount your insurance company will give you if the car is written off

● Gap Insurance is available on any new and used Honda vehicle up to seven years old on the day the cover starts

● You’re covered for up to three years

● We’ll pay any shortfall up to a maximum of £15,000

● We can arrange cover instantly – it’s all done in the showroom

● Once your claim’s been sorted, we’ll just send you a cheque

● It’s convenient: you can pay the premium in one go when you buy the car, or over 10 months by direct debit

● We’ll even pay any excess on your car insurance, up to £250

● Honda Gap Insurance is underwritten by London General Insurance Company Ltd, Combined House, 15 Wheatfield Way, Kingston Upon Thames KT1 2PQAuthorised and regulated by the Financial Services Authority

For further details and a quotation, please talk to your Honda dealer.

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This is a summary of the Vehicle Replacement Insurance coverprovided by your Honda Dealer (please refer back to the statusdisclosure) as an agent of the insurer. A copy of the full terms and conditions is available upon request.

ELIGIBILITYYou are eligible to take out protection if on the Policy start date:

• You are an individual over 18 and are resident (or if a companyare registered) in the U.K., Channel Islands or the Isle of Man;

• The insured vehicle is less than seven years old, has an Original Purchase Price of less than £35,000 and is the solevehicle listed in the finance agreement (if any); and

• The insured vehicle is covered by fully comprehensive motor insurance.

The following are NOT ELIGIBLE: Vehicles which have an Original Purchase Price of over £35,000, NSX models, parallelimports, grey imports, emergency vehicles, taxis, buses, trucks,HGV’s, light commercial vehicles, invalid carriers, or vehicles used for hire or reward, road racing, rallying, pace-making, speed testing, or any other competitive event or any vehicle which has been modified other than in accordance with themanufacturer’s recommendations

BENEFITIf the insured vehicle is the subject of a total loss within theterritorial limits We will pay, up to a maximum of £15,000, theamount by which the original purchase price exceeds the total loss payment under your comprehensive motor insurance policy(or the market value of the vehicle if greater).

If you have purchased the vehicle on a finance agreement andafter taking into account your total loss payment, the amountowing on the agreement is greater than the difference between the original purchase price and the total loss payment, we will pay this amount to the finance company instead, up to amaximum of £15,000.

PLEASE NOTEIf we are liable to pay the amount by which the original purchaseprice exceeds the total loss payment (or market value if applicable)and there is any financial shortfall then we will pay that financialshortfall to the finance company, deducting this from the amountpayable to you.

IMPORTANTAny payment of benefit under this Policy is conditional upon youhaving received a total loss payment under your comprehensivemotor insurance. This includes any excess up to £250.

MAIN EXCLUSIONS• The value of any dealer fitted accessories is not considered

when calculating the invoice price of any vehicle declared atotal loss.

• If the insured vehicle is not covered by fully comprehensivemotor insurance.

• For any deduction your motor insurer may make in respect tosalvage costs.

• If you are offered a replacement vehicle under the terms of yourcomprehensive motor insurance.

• If the total loss occurs outside United Kingdom, ChannelIslands or Isle of Man. Please note: cover is extended whilst theinsured vehicle is in any country of the EU or EFTA for a periodof not more than 30 days in any 12 month period, but onlysubject to your insurer extending your comprehensive motorinsurance during such period.

A full list of exclusions is contained within the “WHEN CAN YOUNOT CLAIM BENEFITS” section of the Policy terms andconditions.

GENERALLaw Applicable: Unless agreed to the contrary prior to Policyinception, this Policy shall be subject to English Law.Compensation: You may be entitled to compensation under theFinancial Services Compensation Scheme in the event that weare unable to meet our liabilities in full. Claims and complaints: If you have any queries associated withthis product including those relating to claims or complaints youmay write to London General Holdings Limited at Eaton House,152-158 Northolt Road, Harrow, HA2 0EA. Complaints may bereferred to the Insurer at their address below. You cansubsequently refer your complaint to the Financial OmbudsmanService at South Quay Plaza, 183 Marsh Wall, London E14 9SR,Telephone 0845 080 1800, who can also provide you withindependent advice. None of the above affects any right of actionyou may have.Cancellation: You may cancel this cover within 14 days ofreceiving your Policy confirmation with a full refund providing noclaims have been made. If you cancel after such period no refundof premium will be due.Language: This Policy is written in English and allcorrespondence entered into shall be in English.Policy term: The Policy provides cover for one, two or threeyears depending on the level of cover chosen. The policy termwill be clearly stated on your Policy Schedule.Insurers: The insurer is London General Insurance CompanyLimited registered number 1865673, whose head and registeredoffices are at Combined House, 15 Wheatfield Way, Kingstonupon Thames, Surrey KT1 2PQ. Authorised and regulated by theFinancial Services Authority.Special needs: For large print, audio and Braille you can call uson 0870 849 9805 or text telephone 020 8869 1796/97.

Summary of Cover

Honda Finance Europe Plc is authorised and regulated by the Financial Services Authority for insurance mediation.

If you require a large print version of this information, please contact us on 0870 849 9805

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What Next?Talk to yourdealer toarrange yourcover

Honda Finance Europe Plc470 London Road, Slough, Berkshire, SL3 8QY

Honda Contact Centre - Telephone 0845 200 8000

www.honda.co.uk

A subsidiary of Honda Motor Europe Ltd No. 857969 Registered in England and Wales HFE

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