A vehicle’s value can change over time, which means a comprehensive motor insurance settlement may not always cover the customer’s remaining finance liability, original invoice price or the cost of a comparable replacement vehicle.
GAP Insurance provides additional financial protection following an eligible total loss, with three options designed around how the vehicle was purchased or funded.
The theft or write-off of a vehicle can leave customers facing an unexpected financial shortfall.
GAP Insurance provides added protection and peace of mind by helping bridge the relevant gap after the comprehensive motor insurer has settled an eligible total loss claim.
Designed for customers who have purchased an eligible vehicle outright or on finance. If the vehicle is stolen or written off, the cover helps bridge the difference between the comprehensive motor insurer’s settlement and the original invoice price or outstanding finance settlement, subject to the policy terms and limits.
Helps customers replace an eligible vehicle following theft or serious damage resulting in a total loss. The cover contributes towards the difference between the comprehensive motor insurer’s settlement and the cost of a like-for-like replacement vehicle, subject to the policy terms and maximum benefit.
Designed for customers with a contract hire or lease vehicle. If the vehicle is stolen or written off, the cover helps meet the shortfall between the comprehensive motor insurer’s settlement and the remaining liability under the contract hire or lease agreement.