GAP Insurance

Don't be left short!, we can offer GAP insurance to protect you.

If your vehicle is written off or stolen there is a risk that the insurance settlement may not be sufficient to cover the outstanding finance owning to the vehicle. This is because vehicles tend to depreciate more quickly in the first year and then at a slower rate as they get older.

How GAP insurance works.

Finance GAP pays the difference between the market value, based on CAP Guide Retails at the time of loss or the insurance company settlement (whichever is the greater), and the outstanding finance on the vehicle up to a maximum of £5,000 or £10,000(subject to eligibility). In addition to this, we may also pay you up to £250 of your motor insurance excess in the event of a fault claim.

Eligible vehicles

  • Vehicles up to £75,000 invoice price
  • Available on All finance agreements (excludes cash purchases)
  • Cars & Commercial vehicles up for 3.5cwt
  • Cover is valid for up to 5 years in line with the finance agreement
  • Cars and commercial vehicles up to 6 years old

This is only a brief summary, full policy terms and conditions are available upon request

Eligible Vehicle

  • Road Fund License, Dealer Fitted Accessories, Warranties or any other Insurances
  • A vehicle written off whilst driving illegally or under the influence of drugs or alcohol
  • A vehicle not covered by a Fully Comprehensive Road Risk Motor Policy
  • A vehicle used for Hire or Reward
  • If the vehicle is left unattended when the keys have not been removed, the doors are unlocked and any immobiliser and/or alarm is not activated