GAP Insurance

GAP Insurance is used to pay the difference between the initial invoice price of the vehicle and the amount paid out by an insurance company, in the event of a claim.

The premium you pay for your GAP insurance policy will depend on the value of your vehicle and the number of years you want your GAP insurance protection.

GAP Insurance is not exclusively available to car GAP insurance, but other types of motor vehicle including:

• Car GAP Insurance
• Motorcycle GAP Insurance
• Van GAP Insurance
• Motorhome GAP Insurance

Vehicles can be purchased in many ways, e.g. cash, finance, lease purchase, so we have ensured our GAP insurance can be offered to as many purchase options as we can. Further details of the eligibility criteria for these can be found below.

1. Cash or Purchase Price GAP Insurance
2. Finance GAP Insurance
3. Lease GAP Insurance
4. Agreed Value (VIP) GAP Insurance

If you would like to know more, need some advice or require a GAP Insurance quote, please click on the GAP insurance Get-a-quick-Quote request button below.

A BBC program recently exposed the reasons by people buy Gap insurance from an insurance broker.

GAP Insurance Eligibility

Purchase Price GAP Insurance

• The insured must be the owner or the registered keeper of the vehicle;
• The vehicle is under 8 years old (Second hand vehicles accepted);
• The vehicle is shown in Glass’s Guide;
• The vehicle is covered by a motor insurance policy which is maintained in the insured name or the insured is a nominated/authorised driver;
• The vehicle is registered in the United Kingdom;
• The vehicle was not purchased via a private sale;
• The vehicle is not used for rental purposes or financed on a contract hire or leasing agreement;
• The vehicle was purchased within 60 days prior to the start date of this policy.

Lease GAP Insurance

• The insured must be named as the customer in the lease agreement;
• The lease agreement commenced within 90 days prior to the start date of this policy;
• The vehicle is shown in Glass’s Guide;
• The vehicle is covered by a comprehensive motor insurance policy which is maintained in the insured
• name or the insured is a nominated/authorised driver;
• The vehicle is registered in the United Kingdom;
• The vehicle was provided by a VAT registered supplier;
• The vehicle is not used for daily or weekly rental purposes;

Finance GAP Insurance

• The insured must be the owner or the registered keeper of the vehicle.
• The insured must be named as the customer in the finance agreement;
• The finance agreement commenced within 90 days prior to the start date of this policy;
• The vehicle is on a finance agreement;
• The vehicle is shown in Glass’s Guide;
• The vehicle is covered by a comprehensive motor insurance policy which is maintained in the insured
• name or the insured is a nominated/authorised driver;
• The vehicle is registered in the United Kingdom;
• The vehicle was provided by a VAT registered supplier;
• The vehicle was not purchased via a private sale;
• The vehicle is not used for rental purposes or financed on a contract hire or leasing agreement.

Agree Value (VIP) GAP Insurance

• The vehicle must be under 7 years old at the start date of the policy,
• The insured must be the registered owner or keeper of the vehicle,
• The vehicle needs to be listed in Glass’s Motoring Guide,
• The value of the vehicle must not exceed £50,000,
• The vehicle is covered by a motor insurance policy, maintained in the insured’s name or under which they are a nominated/authorised driver for the duration of the insurance,
• The vehicle is not used for daily or weekly rental and is not financed on a contract hire agreement.