GAP Insurance covers the difference between the early settlement balance of your contract and the amount the motor insurer would pay in the event of the vehicle being considered a total loss because of accidental damage, fire or theft. Normally you would be responsible for this shortfall amount.

Why does my company need this cover?

• More than 1000 vehicles are stolen every day in the UK
• More then one third of vehicles stolen are never recovered
• Vehicle crime represents 25% of all crime in the UK

Insurance companies will only pay out the market value of the vehicle at the time of the loss, not the total amount you owe the finance company. An insurance write-off could leave you thousands of pounds worse off. GAP insurance will protect you against this financial loss.

Your benefits:-

• Covers the difference between the settlement value of you vehicle and any outstanding loan on your vehicle up to a maximum of £10,000
• Cover lasts for a maximum of 5 years
• One single premium

Eligible Vehicles:-

• Vehicles up to £75’000 invoice price
• Cars and commercial vehicles up to 3.5 tonnes
• Cars and commercial vehicles up to 6 years old
• Applies to all finance agreements

• Vehicles written off whilst driven illegally or under the influence of drugs or alcohol.
• Vehicles not covered by a fully comprehensive road risk motor policy.
• Vehicles used for hire or reward.
• Vehicles left unattended where the keys have not been removed, doors left unlocked and any immobiliser and/or alarm not activated.