Insurance ProductsInsurance ProductsInsurance ProductsInsurance ProductsInsurance Products

Insurance Products include: -

GAP - Guaranteed Asset Protection

Did you know that if your new motorcycle was written off as a result of an accident, fire or theft, your insurance company would only pay out the current market value of your bike. NOT what you actually paid for it!

For example: A motorcycle costing £6995 was written off after 12 months, the motorcycle insurance company would only pay out the current market value, which might only be £5250.  

Should you have finance on this bike, you would find that the amount paid out by the insurance company wouldn't be enough to pay off what you owe on the finance. THIS WOULD LEAVE YOU OUT OF POCKET!

This is where GAP can help you. It is designed to protect you during the term of your Black Horse Motorcycle Finance credit agreement.

Please note: that if you only have third party fire and theft insurance, you are unable to claim if your motorcycle is written off due to an accident that is your fault

What all this means -

  • If your motorcycle is classified as a write off by your insurer, Black Horse GAP will pay the difference between the insured value of your motorcycle and the invoice price of your bike.
  • The insured value is the amount paid by the insurer or the market value of the motorcycle, as determined by Glass's guide, whichever is the greater.
  • Cover is up to a maximum of £7,000.
  • Cover is available for a maximum period of 3 years.

PPP - Payment Protection Plans

There are three levels of Payment Protection to choose from: -

  • Gold Cover
  • Silver Cover
  • Bronze Cover 

Financing your motorcycle is a sensible way to spread the cost and our Payment Protection Plans let you protect your monthly payments. If you had an accident, fell ill or lost your job, your monthly repayments would be the last thing you would want to worry about. That's why we offer this range of payment protection plans, to protect both private and business customers.

Would my cover apply if? Gold Silver Bronze
I am made redundant Yes No No
I quit my job No No No
I suffer an accident that prevents me from working Yes Yes No
I am ill and unable to work Yes Yes No
I am diagnosed as having a specified critical illness No No Yes
I die during the agreement Yes Yes Yes

All claims are subject to terms and conditions of relevant policy.

If you would like to know more please contact our business manager for information or click here to email.