In the event of your vehicle being written off and the payout from your Motor Insurance policy not being enough to settle the remaining balance of your finance agreement, Finance GAP Insurance will pay the difference between your Motor Insurance payout and your finance agreement settlement figure.

This is obviously a descending level of cover - E.g. the more time that goes by the more you will have paid off your finance agreement and therefore the less the potential GAP Insurance payout is. Consider also, that if your Finance Agreement Settlement Figure is less than what you receive from your Motor Insurer, Finance GAP Insurance will actually pay you nothing whatsoever.

For most customer's (compared to other, arguably superior forms of GAP Insurance) Finance GAP Insurance is only of any benefit during the early part of the Finance Agreement when it's possible for the Finance Agreement Settlement figure to actually be greater than the purchase price paid for the vehicle.

Therefore we've decided to stop selling Finance GAP Insurance and have instead combined it with Invoice GAP Insurance and created our new "Invoice GAP Insurance Plus+" policy. Click the link below for more details.

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In the event of your vehicle being written off, Invoice GAP Insurance Plus+ will pay the difference between your Motor Insurance payout and either; the original invoice price that you bought the vehicle for or (if greater) the Finance Agreement Settlement Figure.

This means that, in the event of your vehicle being written off whilst the balance outstanding on your finance agreement is MORE than the original invoice price that you bought the vehicle for, we will pay the difference between your motor insurance payout and the amount required to settle your finance agreement.

However, in the event that your vehicle is written off whilst the balance outstanding on finance is LESS than the original invoice price you bought the vehicle for, we will pay the difference between your motor insurance payout and the original invoice price that you bought it for - leaving you free to settle your finance and have money left over!

For more details, select the type of vehicle you require a quotation for:

Invoice GAP Insurance Plus+ is generally available to you, providing you meet all of the following criteria:

If you have New-For-Old cover until your vehicle is 12 months old, as part of your motor insurance policy on this vehicle, you may elect to defer the start date of our Invoice GAP Insurance policy to be the day after your vehicle is 12 months old.

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In the event of your vehicle being written off, Replacement GAP Insurance will pay the difference between your Motor Insurance payout and the equivalent cost of replacing the vehicle New-For-Old at the time of claim - that's even if the replacement vehicle costs more than you originally bought your vehicle for.

For more details, select the type of vehicle you require a quotation for:

Replacement GAP Insurance is generally available to you, providing you meet all of the following criteria:

If you have New-For-Old cover until your vehicle is 12 months old, as part of your motor insurance policy on this vehicle, you may elect to defer the start date of our Replacement GAP Insurance policy to be the day after your vehicle is 12 months old.

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In the event of your vehicle being written off, Retail Value GAP Insurance will pay the difference between your Motor Insurance payout and what was the retail value (according to Glass' Guide) of your vehicle when bought the Retail Value GAP Insurance policy.

For more details, select the type of vehicle you require a quotation for:

• Car or Light Van

Retail Value GAP Insurance is generally available to you, providing you meet all of the following criteria:

• Your vehicle is less than 6 years old
• You purchased the vehicle either privately or from a dealer within the last 6 years
• The vehicle is NOT the suject of a Contract/Lease Hire agreement.
• The Glass' Guide Retail Value of the vehicle is less than £100,000