Avid launches A-rated GAP product in the UK
The product is distributed by Avid to third parties, including brokers and leasing companies, for sale to consumers.
Avid Insurance Services, which is a managing general agent, has launched which it described as the first A-rated GAP insurance product into the retail auto market.
Steve Duxbury, head of ancillary motor at Avid, said the product is a “big vote of confidence” in UK Gap.
The Avid GAP product, which has received approval from Lloyd’s, will be offered to customers initially through three online retailers, a sales channel that Duxbury said has grown considerably in recent years, after FCA created a
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