AT A GLANCE
Category Motor
Application type Online application
Cover start date Confirmed after acceptance
Typical decision Instant or manual review
Payment options Monthly or annual
WHAT IT IS
About Motor Gap Insurance
If your car is written off or stolen, your motor insurer may pay its current market value — which could be less than you paid. Motor Gap Insurance can cover the shortfall.
WHO IT IS FOR
Is this right for you?
✓ Anyone who purchased a car on finance or lease
✓ Buyers of new cars which depreciate rapidly
✓ Drivers in negative equity on their current finance
WHAT IT MAY COVER
Typical cover included
Subject to policy terms and conditions. Not all items are included on all plan levels.
✓ Write-off gap for eligible vehicles
✓ Theft with no recovery
✓ Finance shortfall on PCP and HP agreements
✓ Negative equity on existing finance
Ready to apply?
Start your application and we’ll guide you through the next steps. Cover does not begin until your application is accepted and confirmed.
Start your application
KEY BENEFITS
✓ Covers the gap between market value payout and original invoice price
✓ Available for purchase, finance and lease vehicles
✓ Pays out within policy limits after motor insurer settlement
✓ Support through the claim process
WHAT MAY NOT BE COVERED
Common exclusions
• Mechanical breakdown
• Theft of contents from the vehicle
• Vehicles not insured by a fully comprehensive motor policy
• Vehicles used for hire or reward
HOW THE SERVICE WORKS
What to expect when you claim
01 Your insurer settles
Your comprehensive motor insurer pays the current market value after a write-off or theft.
02 Notify us
Contact us with your insurer’s settlement letter and finance documentation.
03 We cover the difference
We pay the shortfall between the settlement and your original purchase price or outstanding finance.
FAQS
Do I need comprehensive insurance?
Can I buy GAP after the vehicle purchase?
What if I have negative equity from a previous car?
RELATED PRODUCTS
