GAP Insurance protects your customers by meeting the difference between the motor insurer settlement and original vehicle price and/or any outstanding finance payments in the event of a total loss or theft. If their car is written off or stolen the insurance payout is likely to leave them out of pocket as the insurer will usually only pay the current market value of their vehicle. This shortfall could be several thousands of pounds due to vehicle depreciation as some new cars lose as much as two-thirds of their value in three years*

Our GAP Insurance offers protection for new and used cars, vans, motorcycles, motor homes under 3,500 kg (GVW) and can run from 12 to 48 months.


1. Valuation GAP Insurance

If the customers vehicle is written off, Valuation GAP Insurance will help you to buy a replacement vehicle of similar value and specification by paying the difference between the insured value of the vehicle and lower than (a) the amount you paid to purchase the vehicle: (b) the retail value of the vehicle in Glass’s Guide on the date when the customer purchased this policy; and (c) £85,000.

Customers will be eligible provided their car or light commercial vehicle (LCV) weighs less than 3,500 kg (GVW), which:

  • is less than 12 months old at the start date
  • has covered less than 30,000 miles at the start date
  • has a net invoice price of less than £85,000

Benefits of Cover

  • If your vehicle is written off due to an accident, fire or theft, Valuation GAP Insurance will pay the difference between the amount paid under your vehicle insurance policy and the net invoice price you paid for the vehicle subject to certain exclusions.
  • Up to £250 in respect of any vehicle insurance policy excess you have had to pay to the vehicle insurer as part of your total loss claim.
  • Provides cover when travelling abroad for up to 90 days over a 12 month period in the EU.

2. Combination GAP Insurance (Return to Invoice)

If your customers vehicle is written off, Combination GAP insurance (RTI) will help to buy a replacement vehicle of similar value by paying the difference between the insured value of your customers’ vehicle and (a) the purchase price of your customers’ vehicle as confirmed by the net invoice for its purchase; or (b) the amount of your customers’ finance agreement early settlement figure, if greater.

Customers will be eligible provided their car or light commercial vehicle (LCV) weighs less than 3,500 kg (GVW), which:

  • is less than 7 years old at the start date
  • has less than 100,000 recorded miles at the start date
  • has a purchase price of up to £85,000

Benefits of Cover

  • If your customers vehicle is written off due to an accident, fire or theft, Combination GAP Insurance will pay the difference between the insured value of their vehicle and (a) the purchase price of their vehicle as confirmed by the net invoice for its purchase; or (b) the amount of their finance agreement early settlement figure, if greater (subject to certain exclusions)
  • Up to £250 in respect of any vehicle insurance policy excess the customer has had to pay to the vehicle insurer as part of their total loss claim
  • Provides cover when travelling abroad for up to 90 days over a 12 month period in the EU

3. Contract Hire and Leasing (CHL) GAP Insurance

If your customers’ vehicle is written off, Contract Hire and Leasing GAP Insurance (CHL) will help the customer settle their finance agreement by paying the difference between the insured value of their vehicle and the amount of their outstanding balance. The outstanding balance is the amount outstanding under the hire or lease agreement at the date of the Total Loss plus the projected future value of the vehicle (the balloon payment), any rebates due to the customer and overpayments made by the customer;

Customers will be eligible provided their car or light commercial vehicle (LCV) weighs less than 3,500 kg (GVW), which:

  • is less than 7 years old at the start date;
  • has less than 100,000 recorded miles at the start date;
  • has a purchase price of up to £85,000 (including factory and dealer fitted accessories endorsed by the manufacturer)

Benefits of Cover

  • If your vehicle is written off due to an accident, fire or theft, CHL GAP Insurance will pay the difference between the amount paid under the customers’ vehicle insurance policy and the outstanding balance under their hire or lease agreement, subject to certain exclusions.
  • Up to £250 in respect of any vehicle insurance policy excess the customer has had to pay to the vehicle insurer as part of their total loss claim
  • Provides cover when travelling abroad for up to 90 days over a 12 month period in the EU

Why Sell GAP Insurance?

  • Offers your customers financial protection if their vehicle is stolen and not recovered, or written-off in an accident
  • Offer white-labelled schemes to promote customer retention and brand loyalty
  • Access to specialist claims handling with experience in working with motor manufacturer and dealer groups
  • A valuable insurance that will enhance your brand and financial services offering

Contact Us to discuss your specific requirements with us.

*Which? Car experts.