The GAP Plus policy shall pay the difference in amount between the purchase price of the insured car and the settlement compensation value, based on the depreciation scale applied by Gulf Insurance & Reinsurance company, with maximum benefit of KD 1500/- during the period of coverage: In case of accident causing complete damage (Total Loss) within the period of the insurance policy provided that:
IN CASE OF ACCIDENT CAUSING COMPLETE DAMAGE (TOTAL LOSS) PROVIDED THAT:
- The accident is covered under the car comprehensive insurance policy
- The accident is covered by Third Party policy for the at fault Party.
WHO IS ELIGIBLE FOR GAP PLUS?
- Any person owning or buying a car less than four years old and with a purchase price of less than K.D. 30,000.
HOW DO I MAKE A CLAIM?
- In the event of any claim you must notify Gulf Insurance & Reinsurance in writing as soon as possible but not later than 30 days from date of damage occurred.
- Submit all information and assistance required in assessing compensation values under this policy.