Agreed Value & Shortfall GAP Insurance
Even if you didn't buy your car from a dealer recently, our Agreed Value GAP policy protects you from depreciation and finance shortfalls if your vehicle is written off.
If your car wasn’t purchased from a dealer or internet broker within the last 180 days, this is the ideal cover. In the unfortunate event your car is written off, your main motor insurer will only pay its current market value.
This value is often far less than what you owe on finance or what the vehicle was worth when you took out the policy. Our Agreed Value GAP insurance is designed to cover this financial shortfall, giving you complete peace of mind.
With our cover in place, we will pay the difference between your motor insurer's settlement and whichever of the following is the higher amount:
This ensures you are not left with a financial burden. You can clear your finance and protect the value of your initial investment, allowing you to move forward without a major setback.
*Subject to the terms and conditions of the policy.
We use the Glass's Guide Retail Value at the start of your policy, protecting you from future market value drops.
Ensures you can settle your finance agreement, avoiding the stress of owing money on a car you no longer have.
Perfect for vehicles bought privately, or those purchased from a dealer more than 180 days ago.
See how our cover could protect you financially
Don't leave your investment to chance. Get a no-obligation quote for Agreed Value GAP insurance in minutes.
