GAP Insurance Explained
Guaranteed Asset Protection
(GAP)
In the event of your vehicle being declared a write-off by your motor insurers because of theft or an accident, there may be a shortfall between the vehicle’s current market value and the value required by the lease/finance company. GAP will pay for the difference up to a set sum insured.
Return To Invoice
(RTI)
In the event of an insurance write off as a result of an accident, fire or most commonly theft, our Return to Invoice Gap Insurance will pay the difference between your motor insurer’s settlement – and your original purchase invoice price. This cover is suitable for cash and finance customers.
Replacement Vehicle Insurance
(RVI)
In the event of a write off Vehicle Replacement Insurance will cover the difference between your motor insurance payout and the cost of replacing your vehicle to the exact specification, even if the price of the new replacement car has increased. This is not available for used cars or any on contract hire or finance lease.
Cover starting from £27
Our Cover
Combined GAP & RTI & RVI Insurance
Our product covers you for all 3 eventualities above taking any worries away from you. Unlike other providers of GAP Insurance we don’t ask for a sum insured we just work on the price bracket your car falls into so you don’t need to worry about being under insured.
What We Cover
Car
From £27
Who We Are
GAP Insurance today is a trading style of Alternative Insurance Brokers based in Cheadle. They are registered with the FCA under reference 602443 and have been trading since 2012. All insurers used are also registered with the FCA and all relevant governing bodies to ensure clients have peace of mind with the insurer you are placed with.
Our GAP insurance has been designed to make it as simple as possible for clients to ensure they have the correct at all times and if you are unsure at any stage through the process you can speak to one of our operators that will help with your queries.