GAP Insurance

Protect your investment today.

Sometimes bad things happen to great cars. If anything happens to your car, your motor insurance pay-out could fall short of the amount you paid for your vehicle. GAP Insurance takes care of the difference between the two amounts.

How does it work?

If your car is written off by your insurer due to an accident, flood, fire or theft, they’ll offer you a settlement at the value of your vehicle when it was written off.

This means there could be a big difference between your settlement and the amount you paid to purchase the vehicle, or the amount remaining on your finance agreement because of depreciation in vehicle value.

GAP Insurance covers you for this difference, making replacing the vehicle you just lost much more affordable.

Can you give me an example?

You paid £27,000 to purchase your car. After a period of time, your vehicle is written off. Your motor insurer pays out the market value of the vehicle at the time, which could be £20,250. A GAP pay-out of £6,750 makes up the difference.

What is included?

Helps make a like-for-like replacement vehicle more affordable.

Cover for the remaining amount on your finance agreement if your vehicle is written off.

Protection from the financial impact of vehicle depreciation.

Helps you out if loan-to-value ratio causes you to owe more on your finance agreement than the vehicle was worth.

Our GAP insurance also includes a contribution towards your motor insurance excess, as well as help with hire car costs. We know that everyone needs as much help as possible when disaster strikes which is why our GAP insurance is designed to make things as easy as possible, including stress-free online claims.

What is covered?

• Vehicles at 8 years or 80,000 miles at inception.

• Vehicles valued £10,000 - £150,000.

• £500 contribution towards the excess on your motor insurance for up to 7 days.

• £20 per day contribution towards hire car costs.

• Cover in the UK and Europe if motor insurance provides equivalent cover for European driving.

• £400 guaranteed minimum payment on every valid claim.

•  One-off fixed benefit of £150 in the event of a non-fault incident, where your vehicle is not a total loss.

• Maximum claim of £75,000.

• Motorbikes and hire/reward included (taxis and driving tuition).

Significant exclusions

• Claims made when motor insurance is invalid; outstanding premiums on motor insurance.
  
  
• Items such as registration fees, delivery costs, warranties and fuel are not covered.

How to make a claim

Claims on our GAP insurance policies are handled through the AutoProtect App.

Simply download the App, input the information we need and we’ll get back to you with a decision on how your claim will be processed.

Get started today

Speak to us when you’re ready to make a purchase if you’d like to add GAP insurance protection for your new vehicle. Peace of mind is just a few moments away!