Because cars tend to depreciate quickly in the first year, then more slowly as they get older,
there is a risk that you will owe more to the finance company than the insurance company pay
out if the vehicle is written off or stolen.
With GAP insurance, we will pay the difference, upto a maximum of £5,000, between your insurance company pay-out and the amount you owe to the finance company.
Eligible Vehicles
Vehicles up to £50,000 invoice price
Cars and Commercial Vehicles upto 3.5cwt
Cover is available for the duration of your finance agreement
Applies to all finance agreements, including Contract Hire and Lease
GAP insurance can be applied to the full duration to your finance agreement
on vehicles generally no more than 4 years old.
Major Exclusions
Vehicle is written off whilst driving illegally or under the influence of drugs or alcohol
The vehicle is not covered by Fully Comprehensive insurance policy.
Use of vehicle for Hire or Reward
If the vehicle is unattended and the keys have not been removed, all doors locked and
any immobiliser and/or alarm activated.
GAP insurance can be either purchased separately or included in your monthly rental.