GAP Insurance

Protecting you financially when your vehicle is written off.
Cover your vehicle today from as little as £55.99

Get a Quote!

Gap insurance will protect you financially should your vehicle be written off. Your motor insurer will only pay you back the value of your vehicle at the time the vehicle is written off and, because most vehicles lose value, especially if they are new, this means the amount that your motor insurer will offer in settlement of the claim can leave you thousands of pounds out of pocket.

What Cover Do We Offer

All products are fully ABI compliant and relate to a financial loss as a result of the vehicle being a total write-off due to accident, fire or theft. Protect the difference between what the insurance company will pay for your vehicle and either:

  1. The original invoice price you paid for the vehicle.

  2. The amount owing on finance.

  3. The outstanding lease settlement at the point of loss.

  4. 4. The outstanding lease settlement at point of loss and your Advanced Rental deposit (up to a maximum of £3,000).

HOW TO MAKE A CLAIM


If Total Loss / Write Off occurs, please report the claim within 30 days of the incident arising and prior to accepting an offer of settlement from your Motor Insurer. The claim notification telephone number is Tele: 0114 321 9877 or Email: claims@spectrumcover.co.uk

In order for your claim to be settled, you will be required to provide evidence of the total loss and appropriate information, all details of which can be found in the policy wording

get GAP insurance so you dont miss out when your vehicle is written-off

GAP Insurance: for when the 'Market Value' offered by your insurer is not enough to replace the vehicle with a similar one or pay off any outstanding financial liabilities.
Benefits
  • Highly competitive pricing - we take the lowest commission in the UK

  • Wider vehicle eligibility criteria and more flexible cover than competitors.

  • Can be bought up to 180 days after you have taken delivery of the vehicle.

  • Total Loss Protect GAP allows you to purchase GAP cover with no exclusion on the age, mileage or date of purchase.

  • Transferable to a replacement vehicle that meets the eligibility criteria.

  • Cover extends to Europe and any other country for which an international an international motor insurance card (“Green Card”) in respect of the vehicle is effective at the date of loss, for a maximum of 90 days throughout the policy duration.

Eligibility
  • The vehicle is less than 10 years old and has less than 100,000 recorded miles* at the Policy start date

  • It has a purchase price of up to £100,000 (including up to £1,500 of factory and dealer fitted accessories endorsed by the manufacturer).

  • It is insured under a comprehensive motor insurance policy.

  • The policy is purchased within 180 days of the date when you took ownership of the Vehicle*.

  • Any finance agreement secured on the vehicle is in your name and that the original amount financed is less than or equal to the vehicle purchase price.

  • You are the owner of the Vehicle or in respect of contract hire and leasing contracts you are the authorised driver for the Vehicle.

  • * Total Loss Protect GAP is available if your vehicle is outside of these criteria

Significant exclusions:
  • If you are a business selling or servicing motor vehicles

  • Vehicles used for Hire & Reward

  • If causation is from an accident under the influence of drink/drugs

  • Claims made after 30 days

  • Claims procedure – if you accept an insurance settlement without prior agreement, only Market Value will be used to calculate the claim.

  • Salvage of the written off vehicle

Get a Quote!