What does GAP Insurance cover?

We offer an array of GAP Insurance products, and here’s how to figure out which one’s for you. 

GAP Insurance is designed to protect the value of your vehicle and/or protect you against a financial shortfall on your finance or contract hire agreement if your vehicle is written off and not replaced by a motor insurer following an accident, fire or theft.

If your vehicle is written off, every policy will also pay up to £250 towards your motor insurance excess as well as £1500 towards any dealer fitted accessories that are shown on your original vehicle invoice.

Purchase Price and Finance GAP

This particular GAP protection can also be referred to as Return to Invoice (RTI GAP)

If your vehicle is written off and you had purchased it from a dealer outright or on a finance agreement, we will pay the difference between the motor insurance settlement figure and the greater of either the purchase price of your vehicle or the early settlement amount that you owe to your finance company. 

Lease GAP

If your vehicle is written off and your vehicle was on a contract hire/lease agreement, we will pay the difference between the motor insurance settlement and the termination charge applied by the finance company. We will also cover your initial deposit rental paid on your vehicle up to a maximum value of 3 of your monthly rentals.