GAP insurance Facts: Claim Limits

All GAP insurance policies have a “Claim Limit”. This is the most that the GAP insurance policy will pay towards:

  • the difference between your motor insurer's valuation of the vehicle and the original invoice price of the vehicle (Invoice GAP insurance), or
  • the difference between your motor insurer's valuation of the vehicle and the cost of replacing the vehicle with a brand new equivalent at the time of loss (Replacement GAP insurance), or
  • the difference between your motor insurer's valuation of the vehicle and the amount required to settle the outstanding balance of your contract hire agreement (Contract Hire GAP insurance).
  • 25% of the amount paid out by your Motor Insurer - max' £10,000 (Top-Up GAP insurance).

The Claim Limit for Invoice, Replacement and Contract Hire GAP insurance policies is automatically set at the original invoice price of the vehicle (or the P11D value for Contract Hire GAP insurance policies). For vehicles with an invoice price or P11D value of more than £75k, the maximum available claim limit is £75k.

Policyholder Details

Vehicle Details

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GAP insurance cover

Available durations: Top-Up GAP = 1 year renewable. Contract Hire GAP = 1-5 years. Invoice GAP = 1-4 years. Replacement GAP = 1-3 years.
Your motor insurer may provide you with a courtesy car whilst your vehicle is off the road but, under normal circumstances if they declare your vehicle a Total Loss (write it off) you would usually have to immediately surrender the courtesy car. This could be days/weeks before your claim is settled and/or you're back mobile in an alternative vehicle. Adding Total Loss Courtesy Car cover (TLCc) to your GAP insurance, means that in the event of a Total Loss, we will provide you with a temporary replacement vehicle (courtesy car) to use for up to 28 days (T's & C's apply).
So far as we know, no other online provider of GAP insurance can offer this.