Contract Hire & Leasing GAP Insurance
If you’ve taken out a vehicle on a Contract Hire or Leasing agreement, this policy protects you from a large outstanding balance if your car is declared a total loss.
If your vehicle is written off due to accident, theft, fire, or flood, your motor insurer will only pay the car's market value at the time of the claim.
However, the settlement figure required by your leasing company can be significantly higher than this amount. This leaves you with a shortfall that you would have to pay out of your own pocket.
This policy is designed specifically for vehicles on a Contract Hire or Leasing agreement taken out within the last 180 days.
With our policy, we’ll cover the difference between:
If your finance settlement figure turns out to be less than the insurer’s payout, then no additional benefit will be due — but this means you won’t owe anything further on the lease, leaving you free of liability.
This way, you’re protected against the financial risks of leasing, and you can return the vehicle and move on without unexpected costs.
*Subject to the terms and conditions of the policy.
Prevents you from having to find thousands of pounds to pay the leasing company's final bill after a total loss.
Ensures the lease agreement is fully settled, allowing you to walk away and arrange a new vehicle without any lingering debt.
Removes the financial uncertainty associated with leasing a vehicle, giving you confidence on the road.
See how much you could owe the leasing company
Don't risk being left with a hefty bill if your leased vehicle is written off. Get a quote for Contract Hire & Leasing GAP insurance in minutes.
