Gap Insurance

Gap Insurance

What is Gap Insurance cover?

Gap Insurance is designed to offer peace of mind by covering the difference between the purchase price of your vehicle, and the amount the insurer pays in the unfortunate event of a total loss claim. It can also cover a finance owed over and above the purchase price depending on the level of cover you choose.

By taking out this cover, you can rest assured knowing that you will not be out of pocket in the event of a total loss and can replace your vehicle easily with no financial burden.

Which type of GAP is right for you?

Return To Invoice

If you have purchased a vehicle from a dealership within the last 180 days, this policy pays the difference up to the policy limit between the motor insurers total loss settlement and either the invoice price or the amount outstanding on finance whichever is the highest. For further information, please refer to your Insurance Product Information Document here. For full details on what is covered with this service, including the terms, conditions and exclusions, please see the Policy Wording here.

Contract Hire/Lease

This product works in the same way as if you were to own your car on finance. It is a form of protection that again ensures if your vehicle is written off, you have no financial impact or liability. It will pay the difference between your own insurance pay out and the amount left owing on the contract hire/lease agreement. For further information, please refer to your Insurance Product Information Document here. For full details on what is covered with this service, including the terms, conditions and exclusions, please see the Policy Wording here.

Valuation/Agreed Value

If you have purchased your vehicle privately or over 180 days ago, this insurance product will pay the difference between your insurance pay out and the Glass’s Guide retail value of your vehicle at the time your GAP insurance policy is purchased. For further information, please refer to your Insurance Product Information Document here. For full details on what is covered with this service, including the terms, conditions and exclusions, please see the Policy Wording here.

Total Loss Protect

In the event of your vehicle being declared a total loss by your insurance company, this policy will pay up to 25% of the insurer’s settlement. For further information, please refer to your Insurance Product Information Document here. For full details on what is covered with this service, including the terms, conditions and exclusions, please see the Policy Wording here.

To discuss our GAP Insurance, or request a quote, please call: 0161 808 9899.