How to choose which type of Gap Insurance?

What is Gap Insurance?

f you have been to your motor dealer and they have spoken to you about Gap Insurance, then it may be that they simply used the term 'Gap Insurance', presented to you with one type of cover and this left you with the impression that there is only one type of cover.

In reality, there are several types of Gap Insurance in the marketplace. Dealerships normally talk to you about Return to Invoice Gap Insurance. This can protect you back to the original price you paid for your vehicle. The maximum duration offered by motor dealers is normally 3 years. Like your motor dealer, we also offer Return to Invoice, in addition to Vehicle Replacement Insurance, Finance and Contract Hire Gap and Agreed Value Gap Insurance.  

Which type of gap insurance is best for you?

Which Gap Insurance?

We do understand this question can be a little confusing if you have never come across Guaranteed Asset Protection before. Given a choice of four types of cover, which one do you go for?

We have devised a simple system of a series of questions, to narrow down your options by eliminating types of cover that may not apply to you. By clicking for a 'Quote' you will be taken to this section and by answering each question in turn, you will be guided to a page showing you all applicable type of cover. The maximum number of different choices will be three and explanations as to how each type work are laid out in an easy to understand fashion (we hope!).

Alternatively, simply give us a ring and we are happy to take you through the quote process, and discuss with you your options in more detail.

Types of Gap Insurance from

When you have looked at the selection of Gap Insurance types available, we hope that we can make the options a little clearer for you. In brief the four types you may see are:

Finance and Contract Hire Gap - to bridge the difference between the vehicle's value and the outstanding finance settlement on Hire Purchase or a Lease.

Return to Invoice - to cover the gap between the vehicle's value and the original invoice price you paid.

Vehicle Replacement Insurance - to cover between the vehicle's value and the cost of replacing the vehicle with one equivalent to the vehicle you bought in the first place.

Agreed Value  - to cover between the value of the vehicle and it's value on the day you bought the policy. 

For more in depth analysis of these types of cover, please refer to their individual pages on the menu above.