Combined GAP Insurance

GAP (guaranteed asset protection) insurance is designed to protect your financial position in the event that your car is written off

What is combined GAP Insurance

If an incident occurs resulting in your vehicle being written off due to accident, fire, theft or an adverse weather condition such as flooding, then the settlement amount you receive from your motor insurer could be significantly less than the outstanding balance of the original purchase price. The market value of your car at the time of the incident is used by most motor insurance companies to determine the total loss payment. Any depreciation in the vehicle value would potentially be a loss incurred by you. You could be left without a car plus the burden of settling any outstanding finance.

What is covered

  • The financial shortfall between the purchase price of your vehicle and the insured value
  • The financial shortfall between the purchase price of your vehicle and the early settlement amount that you owe to your finance company
  • Dealer fitted accessories up to £1500
  • The excess amount payable on your motor insurance policy to a maximum of £500

What is NOT covered

  • Your vehicle if it is used for track days, courier, delivery, taxi, or minicab use
  • If the total loss occurred after it was taken or driven without your consent by a family member, spouse or partner
  • Fuel, paintwork protection applications, road fund licence
  • Accessories fitted subsequently to the purchase of the vehicle
  • Any theft or malicious damage claim which is not accompanied by a valid and substantiated crime reference number

Key Facts

  • If your vehicle is written off or stolen and declared a total loss by your motor insurer, GAP will cover the difference between the vehicles market value and the net invoice price you paid for it or any outstanding finance (whichever is greater).
  • Return to Invoice cover is available for up to 48 months and if applicable Financial Shortfall cover is available for up to 60 months*
  • Maximum claims benefit of up to £50,000 in the event of a write off that declares the vehicle a total loss*
  • We will cover any excess up to a maximum amount of £300 or £500 (the specific amount will be stated in the terms and conditions) unless it is recoverable from a third party.
  • No vehicle age or mileage limit
  • Dealer fitted accessories covered up to a combined value of £1,500 including VAT.
  • Contract hire/lease included to a maximum monthly rental of £1,000 including VAT*.


Get In Touch

If you have any questions or want to arrange a call back, please contact Assurity Solutions on any of details below. Alternatively, please fill out the form.


Paulton House, Paulton Enterprise Park, Old Mills, Bristol. BS39 7SX


(+44) 1761 252581


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