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Terms & Conditions ©

There's more than one way to protect your investment.

More and More cars are being stolen these days - it's an alarming fact of life. Speeding violations by joy riders continue to make headline news, and are the cause of a growing number of write-offs.

How Gap Insurance Works

The amount you will receive from you motor insurance company - when your car is written off - is based on its market value.

The difference between the payment under your motor insurance policy and your outstanding finance could be more than you realise.

Gap insurance is designed to prevent you suffering a financial loss in the event of the write off of your motorcar. Gap will cover the shortfall between the greater of your comprehensive insurance payment, the market value of the vehicle or the final payment and your finance agreement settlement figure.

Remember it could be your car next!

Summary of Cover

Eligibility

Gap Insurance is available to all customers over 18 years whose vehicle has been financed. You must have a comprehensive insurance policy.

Cover

In the event of your vehicle being written off through Accidental Damage, Fire or Theft, Gap Insurance will cover the shortfall between your finance agreement settlement figure and your comprehensive motor insurance payout or the market value of the car if this is greater - up to a maximum of £5000.

In the event of the Person Insured's death within one year of the Commencement Date directly due to an accidental bodily injury resulting from external violent and visible means whilst in the insured vehicle, the company will pay to the Insured's estate £1,000. (Subject to policy type)

Exclusions

The following are not covered:-

• Any excess under your comprehensive motor insurance policy in so far as such excess is greater than £250.
• Taxis or any other vehicle used for hire or reward.
• Vehicles used for road racing, rallying, peacemaking, speed testing or competitions.
• Modified Vehicles.
• Where a claim has not been paid in full under the comprehensive Motor Insurance policy.
• Wilful or criminal act.
• Lack of maintenance or modifications of the insured vehicle.
• Driving the insured vehicle while not fully licenced or under the influence of drugs/alcohol.

The information given above is only a brief outline of the cover and is subject to the conditions of the underwriters. A copy of the insurance will be sent to you when you are accepted for insurance under the gap cover, and is also available on request.

* The insurer has the right to change these details without notice. The above text must be taken as a guide and full cover will be explained in your policy document.