GAP Insurance

What is GAP insurance?

GAP stands for Guaranteed Asset Protection, and that’s exactly what it does. GAP insurance covers the difference between the current market value of your vehicle, which insurers will usually only pay out, and the amount you actually paid for the car, or the amount outstanding on finance - whichever is greater, should it be stolen or written-off in an accident.

Is GAP insurance worth it?

The question of whether GAP insurance is worth it, comes down to whether or not you could live without a car, or if you could afford to lose out on a potentially large sum of money. If you’re buying a new or used car using car finance and your car is stolen, or involved in a serious accident, you could end up paying the finance despite no longer having the car without GAP insurance. Taking it out will provide the reassurance and financial support you need to get back on the road in a vehicle with the same value as your original choice.

Did you know that:

  • More than 100,000 cars are reported to the police as stolen every year.
  • Over 600,000 cars are written off by insurance companies every year.

(Statistics based on averages from data for 2014 from Experian)

What does GAP insurance cover?

Return to invoice GAP insurance will complement your own vehicle insurance and make up the difference from what they pay out to how much you paid for the vehicle. In the event of a total loss, Return to Invoice GAP insurance could cover the difference between your motor insurance settlement and the amount you originally paid for the vehicle, or the amount outstanding on finance - whichever is greater!

Our policies are exclusively designed to offer you the reassurance you need to enjoy your vehicle, whilst protecting your investment against unforeseen incidents.

Return to Invoice Insurance Could:

  • Pay the difference between your insurance payout and the original purchase price
  • Pay the difference between your insurance payout and your finance settlement, if this is greater than the purchase price
  • Provide 3 years Return to Invoice cover and up to 5 years Financial Shortfall cover
  • Safeguard against depreciation in the event of a total loss claim


You are eligible for cover on the date of application for this policy if:

  • Applying as an individual, you are over 18 years old and are resident in the UK, Channel Islands or the Isle of Man; or
  • Applying as a company, that company is registered in the United Kingdom, Channel Islands or the Isle of Man; or
  • You purchased the vehicle less than 30 days ago. To clarify, you can only purchase this policy within 30 days of purchasing the insured vehicle.


​No benefit will be paid:

  1. If the insured vehicle is not covered by comprehensive insurance at all times.
  2. If the insured vehicle is a licensed private hire vehicle,daily rental vehicle or is being used for driving school tuition, courier services, road racing, rallying, pacemaking, speed testing or any other competitive event.
  3. If the driver of the insured vehicle at the time of the total loss was driving illegally (including but not limited to driving without a valid licence or whilst driving under the influence of alcohol or drugs). This exclusion will not apply if the vehicle has been stolen.
  4. If you are offered a replacement vehicle under the terms of your motor insurance (in this event, subject to certain conditions, you may be entitled to transfer the Policy to your replacement vehicle. Please refer to the Policy terms and conditions for details).
  5. For any finance or outstanding debt and resulting interest due on or carried across to your insured vehicle from previous finance agreements (if any).
  6. For any VAT element on any commercial vehicle.
  7. For any motor insurance excess above the amount stated in your Policy document, or if the motor insurance excess is recoverable from a third party.

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