Which type of Gap Insurance do you need?

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

However, that simply is not the case.

Motor Dealers 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 typically 3 years also. 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 one is right for you?

Which Gap Insurance?

We do understand this question can be a little confusing, especially 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 call and we are happy to take you through the quote process, and discuss your options with you in more detail.

Types of Gap Insurance from GapInsurance123

When you have looked at the selection of Gap Insurance styles 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 value and the outstanding finance settlement on Hire Purchase or a Lease.

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

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

Agreed Value Gap - to cover between the value of the vehicle and its value on the day you bought the policy. This is another form of Shortfall Gap.

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