Close

Commercial Finance GAP Insurance is our entry level GAP Insurance Policy and is the traditional form of GAP Insurance.

Commercial Finance GAP Insurance is available to cover both new and used (up to 3 years old) Car/Light Vans, including Driving School vehicles and Taxis, financed by way of a HP/PCP agreement and must be taken out no later than 90 days after you become the registered keeper of the vehicle.

How does it work?

Well, lets say your vehicle that you originally purchased for £10,000 has just been written off, and you still owe £7,000 on the HP/PCP agreement that is secured on it, but your Motor Insurance company are only willing to pay out £6,000 which is the vehicle's current market value.

Without Finance GAP Insurance you would have to pay the £1,000 difference yourself. Finance GAP Insurance however, would pay this £1,000 for you.

Available to cover:
	Cars, including Driving School Vehicles, with a value up to £100,000.00 . Plus cover is available for Taxis with a value of up to £40,000.00.
	Vans with a value of up to £100,000.00 for <3.5t or £40,000.00 for <7.5t
	Trucks (up to 44t) with a value of up to £100,000.00

Close

Invoice GAP Insurance is the most common type of GAP Insurance sold and is arguably the most straightforward.

Commercial Invoice GAP Insurance is available to cover both new and used (up to 5 years old) vehicles either financed or cash purchased and must be taken out no later than 90 days after you become the registered keeper of the vehicle.

How does it work?

Well, lets say your vehicle that you originally purchased for £10,000 has just been written off but your Motor Insurance company are only willing to pay out £6,000 which is the vehicle's current market value.

Without Invoice GAP Insurance you would be £4,000 short of the original price you paid for the vehicle. Invoice GAP Insurance however will pay this £4,000 shortfall to you.

Available to cover:
	Cars, including Driving School Vehicles, with a value up to £80,000.00 . Plus cover is available for Taxis with a value of up to £40,000.00
	Light Vans (less than 3.5t) with a value of up to £80,000.00 for <3.5t

Close

Contract Hire GAP Insurance is available to cover both new and used (up to 3 years old) cars, vans and trucks, that have been financed by way of a Contract Hire / Lease agreement and must be taken out no later than 90 days after you become the registered keeper of the vehicle.

How does it work?

Lets say you finance a vehicle by way of a Contract Hire / Lease Agreement for £19,995, but two years later, the vehicle is written off and your Motor Insurance company offer you only £10,000.00, whilst the settlement figure on the Contract Hire/Lease Agreement is £13,000.

If this happened, Contract Hire GAP Insurance would pay the £3,000 difference between your Motor Insurance payout (£10,000) and the amount required to settle the Contract Hire / Lease Agreement (£13,000).

Available to cover:
	Cars, including Driving School Vehicles, with a value up to £100,000.00.
	Vans with a value of up to £100,000.00 for <3.5t or £40,000.00 for <7.5t
	Trucks (up to 44t) with a value of up to £100,000.00