GAP - Valuation

Our Valuation GAP Insurance provides cover in the event that the policyholder's vehicle is classed as a total loss by their motor insurer following a motor accident.
The policy pays the difference between the settlement offered by the policyholder's motor insurer and the market valuation of the vehicle, ensuring that the policyholder is able to replace their vehicle with a like for like model should they choose to do so.

 

Coverage

If an incident occurs which results in your vehicle being classed as a total loss by your motor insurers, this policy will pay the difference between the greater of the amount received from your motor insurers or the market value of the vehicle at the time of the accident (by reference to Glass's Guide) and the valuation of your vehicle at the time when you take out your GAP Insurance policy.

The policy provides cover for events occurring in England, Scotland, Northern Ireland, Wales, Isle of Man and the Channel Islands and extends to the European Union, Croatia, Iceland, Norway, Switzerland, Liechtenstein and Andorra for a maximum of 90 days in any 12 months of cover, providing the cover provided by your motor insurer is of an equivalent level as they would enjoy in the United Kingdom.

The policy will provide GAP cover up to £20,000 for vehicles valued up to £50,000.

There is nil excess to pay in the event of a claim.

Please refer to the sample policy wording and key facts document below for details of the terms and conditions that apply to this policy.

Sample policy documents

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The premium shown above is the base, "starting from" premium, and is subject to change depending on the answers provided during the application process.  Please click on 'Get your price' to start the application process.

Please note:
The premium shown above is the base, "starting from" premium, and is subject to change depending on the answers provided during the application process.