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GAP Insurance | Kettering & Northampton | Richard Sanders

GAP Insurance

Protecting your brand new investment

- Protects you against any financial shortfall should your vehicle be written off or stolen

- Removes any requirement to borrow money or use savings to replace your vehicle

- Returns you to the original position you were in before the date of loss

In most cases, from the moment a vehicle leaves the dealership, it will start to depreciate at a rate that is dependent upon how old it is, and how many miles it has clocked.


In the event that a vehicle is written off as a result of an accident, fire or theft, most insurers will only pay out the market value of the vehicle at the time of loss. This is often considerably less than its original value, and could mean that there is a shortfall on the outstanding finance, or the cost of replacing it with an equivalent vehicle.


Depending on how you choose to purchase or fund your vehicle, we offer a range of products to protect you and your vehicle:

This covers the difference between the amount your motor insurance company pays, and the amount required to settle your finance agreement. It will also cover any initial rentals and contribute towards your motor insurance excess.

Covers the difference between the amount your motor insurer company pays and the original invoice price of the vehicle, including manufacturer and dealer fitted accessories. In addition, it will also contribute towards a motor insurance excess.

VRI covers the difference between your motor insurers pay out and the cost of a new vehicle, despite any increases in cost as a result of model changes or inflation. Again, it will also contribute towards a motor insurance excess.

Key Benefits

- If your motor insurance excess cannot be recovered from a third party, we
will cover up to £250 of the excess for you

- A maximum benefit of either £10,000, £15,000 and £20,000 in the event
of a total loss, depending on the policy selected

- If at the date of loss your finance settlement figure is greater than your
original invoice price, we will settle this higher figure for you

- Cover up to 36 months’ RTI and 60 months’ finance

Are you Eligible?

You will be eligible for the policy if you are, or will be:

- Fully comprehensively insured on the vehicle, and will be throughout the term of

- Purchasing a vehicle with an invoice price of up to £40,000

- The registered keeper of the vehicle

- Using the vehicle principally in the UK, Ireland, Channel Islands or the Isle of
Man and for no more than 60 days in member countries of the European Union

- Not purchasing a commercial vehicle weighing over 3.5 tonnes

- Not using the vehicle as a taxi, emergency vehicle or for private hire

GAP Insurance Pricing
Vehicle Price* GAP Policy Price**
£0 - £10,000 £299
£10,000 - £15,000 £349
£15,000 - £40,000 £399

*Includes VAT.

**Includes Insurance Premium Tax (IPT).

Guaranteed Asset Protection Insurance

Information Document