GAP insurance made easy.

Straightforward, GAP insurance policies that won’t drive you around the bend...
Gap Insurance

What is GAP insurance?

GAP insurance stands for Guaranteed Asset Protection Insurance

If your car is written off or stolen and your motor insurance settlement is less than what you paid for the vehicle (which is often the case), GAP insurance pays the difference between what you paid for the vehicle and what your motor insurer pays you.

GAP Car

Purchase price of your vehicle £30,000

Motor insurer settlement £20,000
GAP policy payout £10,000

How does GAP insurance work?

If your car is stolen or written off your insurer will pay you what the car is worth today - not what you paid for it at the time you bought it.

As cars can lose considerable value over time, this can often mean that car owners are unable to buy a vehicle of a similar spec in the event of a write-off, or worse still are left paying finance for a vehicle they no longer have.

Depending on how you paid for your vehicle, GAP insurance will cover up to;

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What you paid for the vehicle when you bought it

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Any outstanding finance amount you have left to pay on the vehicle, or

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The amount it will cost to replace the vehicle like-for-like

What types of GAP Insurance are there?

We offer 4 types of GAP insurance:

Combined Total Loss

GAP INSURANCE

Combined Total Loss GAP Insurance pays the difference between your motor insurance payout and either;

  • What you paid for the vehicle, or
  • Your outstanding finance balance, whichever is greater

This policy best suits those who used a cash deposit and finance to purchase their vehicle.

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Vehicle Finance

GAP INSURANCE

Vehicle Finance GAP Insurance pays the difference between your motor insurance payout and any outstanding finance you have on the vehicle.

This policy best suits those who financed a vehicle using Hire Purchase (HP), Personal Contract Purchase (PCP) or Conditional Sale (CS) agreement.

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Return to Invoice

GAP INSURANCE

Return to Invoice GAP Insurance pays the difference between your motor insurance payout and what you paid for the vehicle.

This policy best suits those who used a cash deposit and/or a personal loan to purchase their vehicle.

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Vehicle Replacement

GAP INSURANCE

Vehicle Replacement GAP Insurance pays the difference between your motor insurance payout and what it would cost to buy the same vehicle today.

This policy best suits those who bought a vehicle for less than its market value.

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What does our GAP insurance cover?

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Up to £50,000 GAP protection

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Cars and vans can be covered

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Covers motor insurance excess up to £250

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Suitable for vehicles up to £150,000 in value

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Covers manufacturer fitted extras

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5 year policies available

The easy way to buy GAP insurance

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