Guaranteed Asset Protection

Guaranteed Asset Protection Insurance (GAP) will pay the difference between the comprehensive motor vehicle insurance settlement and any greater amount, depending on the cover provided, in the event of the vehicle being written-off due to accident or theft. We offer two products:

GAP Financial Loss - will pay up to a maximum of £7,500 depending on the amount owed between the insurance payout and the outstanding balance of the finance agreement.

GAP Total Loss - provides cover between the insurance pay out and up to £20,000

 
Guaranteed asset protection

Meets any financial shortfall depending on the type of cover Meets any financial shortfall depending on the type of cover
Protects customers' ability to repurchase another vehicle in the event of a write-off Protects customers' ability to repurchase another vehicle in the event of a write-off
Not dependent on age of vehicle Not dependent on age of vehicle
Eligible on both new and used cars Eligible on both new and used cars

Offers opportunity to sell replacement vehicle Offers opportunity to sell replacement vehicle
One payment provides cover for the whole of the finance agreement One payment provides cover for the whole of the finance agreement
Covers insurance excess up to £250 Covers insurance excess up to £250