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 GAP Insurance?

GAP (guaranteed asset protection) insurance is a product designed to protect your financial position in the event that your car is written off or declared a total loss through an accident or theft. Cars are designed to protect the occupants, and include crumple zones and air bags. This means cars are declared as a total loss, or beyond economic repair, by insurers with increasing frequency.

What is covered

  • The financial shortfall between the
    purchase price of your vehicle and the
    insured value
    Or,
  • 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 £2000
  • The excess amount payable on your
    motor insurance policy to a maximum
    of £500
  • Temporary replacement vehicle for
    42 days on approval of claim

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

  • You may cancel this insurance policy within 30 days and receive a full refund providing you have not and do not intend to make a claim
  • Claims must be submitted within 60 days of the total loss occurring
  • You may cancel this policy at any time after 30 days and receive a pro rata refund subject to a policy administration fee
  • You must not accept a motor insurance settlement without first contacting our claims line

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.

ADDRESS

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

PHONE

(+44) 1761 252581

EMAIL

enquiries@assuritysolutions.co.uk

Contact Us

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