BLACK HORSE SHORTFALL GAP PRODUCT

December 13th 2004. Black Horse Motorcycle Finance has launched a new Financial Shortfall GAP product. GAP insurance is designed to protect customers from the financial loss they could incur if, in the event of a write-off, the insurance company does not pay out the original value of their motorcycle. It also provides protection in write-off cases in which riders who have taken out a finance agreement find themselves left with insufficient funds to pay off the balance on the agreement.

Black Horse states that 30 to 40 per cent of insurance claims result in a write-off, most commonly because of theft, and that three to five per cent of all insured bikes are written off annually as a result of accident, fire and theft.

Shortfall GAP is available to all supporting Black Horse dealers via their current PolicyReg site, using the same user ID and password.