If your vehicle is stolen or written off as a result of an accident, fire or theft, most insurers will only pay out the market value for your vehicle, even if the claim was not your fault. Depending on the age and mileage of your vehicle at the time of loss, the market value may be substantially less than the outstanding finance owed on it.
Our Hire and Lease GAP insurance covers the difference between the motor insurer’s write-off settlement and the outstanding payment to the end of your hire or lease agreement. This means that you can protect yourself against the risk of financial shortfall and make sure you will not be paying for a vehicle you can’t use.
You will be eligible for the policy if you are:
How it works
If your vehicle is stolen or written off as a result of an accident, fire or theft, most insurers will only pay out the market value for your vehicle, even if the claim was not your fault. Depending on the age and mileage of your vehicle at the time of loss, the market value may be substantially less than the price you paid for it.
Our Combined Return Invoice GAP Insurance covers the difference between your motor insurer’s write-off settlement and the amount you originally paid for your vehicle. If the amount required to settle the finance is greater than the original invoice price, we will cover the higher figure.
[All amounts are inclusive of VAT]
You will be eligible for the policy if you are:
VIEW THE GAP INSURANCE VIDEO BELOW...