Van GAP Insurance

What is GAP Insurance?

Because vehicles 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, you can insure against the difference (up to a maximum of £5000) between your Insurance Company payout and the amount you owe to the Finance Company

Eligible Vehicles

• Vehicles up to £50,000 Invoice price
• Cars & Commercial vehicles up to 3.5cwt
• Cover is valid for up to 5 years in line with the finance agreement
• Applies to all finance agreements, including Contract Hire and Lease
• Applies to Cars & Commercial Vehicles up to 6 years old

Major Exclusions

• If the vehicle is written off whilst driving illegally or under the influence of drugs or alcohol
• The vehicle is not covered by a Fully Comprehensive Road Risk Motor 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