Gap cover

We are all familiar with the term "new-for-old" from claims under a home insurance policy. Did you know you can arrange similar cover as a supplement to your motor insurance?

Vehicle Value Protection (Gap cover)
Each year, over 500,000 vehicles are written off by insurance companies and when these claims are settled, the insurer only pays the market value of the vehicle at the time of the loss. Their idea of value can be very different to yours. Your vehicle might be subject to a finance or HP agreement with interest and penalty charges to be settled. A range of factors might have influenced the second hand value of your car such as, the introduction of a new model for example. Whatever the reason, you can find that being paid market value will not enable you to replace your vehicle and you will be left to plug the gap yourself.

Gap cover insurance can help by covering this shortfall if your vehicle is a total loss and can be arranged at any time, not just when you buy your car. Don't take any risks call us now.

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More information on Gap cover >

More information on Gap cover

For total peace of mind you can't do without.

Consider the facts :

Over half a million cars are written off by insurance companies every year, as a result of accidents, theft and fire
More than 200 vehicles are involved in serious accidents in the UK each day
One third of stolen cars are never recovered
A car is stolen every minute of the day in the UK. These are frightening statistics

Something that is just as scary is that if your car is written off, the settlement value from your insurance company may be insufficient to buy a replacement vehicle, or may leave you owing money to the Finance Company for a vehicle which has already been written off.

Car Care Plan GAP Insurance covers the 'gap' between your insurance company's valuation of your car and what it will cost to either buy an equivalent replacement or to pay off any finance*.

Taking out Car Care Plan GAP insurance not only gives you extra security and peace of mind, but additional protection that could save you thousands of pounds.

* Subject to the level of cover chosen.

The Benefits

Protects your investment
Provides cover for up to three years
Covers shortfalls up to £10,000, or £20,000 on Replacement Vehicle Insurance
Covers new and used vehicles
No vehicle age restrictions
Three levels of cover available to cover most circumstances
Claims paid quickly to get you back on the road

Three Levels of Cover to Suit You:

REPLACEMENT VEHICLE INSURANCE UP TO 3 YEARS COVERReplacement Vehicle Insurance will cover the difference between the car insurance settlement and the current value of an equivalent new vehicle. If your vehicle is financed you can use this payment to settle any outstanding finance, with any remaining balance put towards your new replacement vehicle.
INVOICE PRICE PROTECTION TO 3 YEARS COVER
Invoice Price Protection will cover the difference between the car insurance settlement and the invoice value of your vehicle at the start of the agreement, which means you get back the original purchase price in full. If your vehicle is financed you can use this payment to settle any outstanding finance, with any remaining balance put towards your replacement vehicle.
FINANCE REPAYMENT UP TO 5 YEARS COVER
Finance Repayment will meet the difference between the car insurance settlement and your outstanding finance payments, leaving you free to take out a new agreement on a replacement car.

All of the above are subject to Terms and Conditions as detailed in the Car Care Plan GAP booklet.

How it Works
You buy a new car costing £12,495 with a deposit of £1,250 and finance the remainder.

One year later, your car is stolen and declared a total loss, with £8,350 still outstanding on Finance, but the insurance company payout was only £7,500.

So you still owe £850 to the Finance Company, you have lost your deposit of £1,250 and you have to find the money to buy a replacement vehicle, which now costs £12,995.

Car Care Plan vehicle replacement insurance
This level of cover will pay the £5,495 shortfall between the insurance company payout and the price to purchase an equivalent replacement vehicle. This means that after repaying the finance shortfall of £850, you have £4,645 to put towards the purchase of an equivalent replacement vehicle.

Car Care Plan invoice protection plan
This level of cover will pay the £4,995 shortfall between the insurance company payout and the original invoice price paid for the vehicle. This means that your existing finance is repaid, and you have £4,145 deposit to put towards a replacement vehicle.

Car Care Plan finance repayment
This level of cover will pay the £850 shortfall to the Finance Company, clearing your existing liability.

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