GAP Insurance

Protecting you financially when your vehicle is written off.
Cover your vehicle today from as little as £122.93 (for 2 years cover)

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Gap Insurance will protect you financially in the event of your vehicle being stolen and not recovered or in an accident and declared a total loss. Few customers will receive a motor insurance pay out equivalent to the original purchase price from their motor insurer. GAP is important as vehicles depreciate overtime and average figures suggest that a 2-year-old vehicle would be worth about 65% of its original value, a 3-year-old vehicle 45% - 50% and for 4 years its value could drop to 35%-45% (these may vary depending on vehicle make and model).

Your insurer will value your vehicle in line with the depreciation. Gap insurance covers the difference between your insurance settlement at the point your vehicle is written off or declared a total loss and the purchase price of your vehicle when you bought it. The implications of having a total loss:

  • You may still have a sizeable outstanding liability on your financing commitments
  • You may have to make do with a lower specification replacement vehicle as the insurance settlement figure will be based on the value of vehicle on the date of your total loss

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.

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.

View Insurance Product Information Documents

  1. Combined Return to Invoice/Finance (RTI) GAP

View Insurance Policy Wording

  1. Combined Return to Invoice/Finance (RTI) GAP


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.

Claims Procedure Contact the Claims Administrator: Bankstone Ltd, Holroyds Mill, Old Lane, Halifax, HX3 5WQ or by telephoning 0330 2020 660 or emailing with the following information:-

• Your name, address and postcode
• a daytime contact telephone number
• the Policy reference number
• the Scheme reference number – LPGBTE217
• details of the Vehicle

The Claims Administrator will then advise You how to proceed with Your claim. Please quote Your policy number in all correspondence.

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

  • Highly competitive pricing - we take the lowest commission in the UK

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

  • Covers New and Used Cars, Motorcycles and Vans(up to 3.5T).

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

  • 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.

  • Policies from 2 to 5 years

  • 14 Day Money Back Guarantee

  • Variable benefit levels

  • Covers Insurance Excess Up To £250

  • Covers All Drivers on your Insurance Policy

  • Settles Finance agreements

  • The vehicle is less than 8 years old and has less than 120,000 recorded miles* at the Policy start date

  • It has a purchase price of up to £150,000

  • 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.

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

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