Insurance Products include: -
GAP - Guaranteed Asset Protection
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.




