commercial Vehicle

GAP Insurance

We offer complete peace of mind with our GAP Insurance by guaranteeing the value of the car or van on the day you purchased it, rather than the current market value of your vehicle.

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Key policy features

  • Low Cost – Our GAP Insurance premiums start from as little as £124 per year*, depending on the type of vehicle you own. We can cover cars and light vans up to 3.5 tonnes including for courier use.
  • Quick and Simple – It will take around 5 minutes to provide a quote.
  • Instant Documents – We will send you your documents as soon as your policy is set up.
GAP Insurance

Why choose Business Choice Direct?

With our GAP Insurance the product guarantees to pay the value of your vehicle based on the original purchase price. This helps to protect against the loss of value that happens the moment it leaves the forecourt. We pride ourselves on being competitive against vehicle dealers.

Our policies cover cars and vans up to 3.5 tonnes if you have purchased the vehicle within the last 90 days from a VAT registered dealer. Our policies are flexible so you can choose to take our insurance cover over 12, 24 or 36 months which you can cancel at any point during the policy. You can pay over 10 months or in full, the choice is yours.

We can arrange Car GAP Insurance, Van Gap Insurance, cover for courier vehicles and more. We have in-house GAP Insurance experts who can guide you through the process. We can also assist you with your Commercial Vehicle Insurance, Public and Employer’s Liability Insurance and Goods in Transit should you need it.

What is GAP Insurance?

GAP stands for Guaranteed Asset Protection. If your vehicle is written off or stolen, GAP Insurance will make up the shortfall between the market value at the time of loss and what was originally paid or the amount required to settle any outstanding finance or lease agreement. This helps to protect you and your business for financial loss.

Is GAP Insurance worth it?

GAP Insurance is worth considering if you have a vehicle less than five years old or a vehicle on finance. GAP Insurance pays the shortfall. This will help you to buy a like for like vehicle or pay off your finance or loan on your existing vehicle. For example, if you pay £30,000 for a new vehicle and 15 months later it is written off, your GAP Insurance is in place to pick up any shortfall between the current market value and the £30,000 purchase price (dependant on the level of cover chosen).

If your vehicle is written off the policy will also pay up to £250 towards your motor insurance excess.

Get your GAP Insurance quote with us today by completing the request a call back form.

GAP Insurnace

Frequently Asked Questions need some help?

Are there any instances where GAP Insurance doesn’t pay out?

If your motor insurer refuses your claim for any reason, then GAP Insurance cannot settle the shortfall. Also, if you purchase a brand new car which is subsequently a total loss and your insurer offers you a new-for-old replacement vehicle which you refuse, your GAP policy will not pay out. Please refer to your policy wording for full exclusions.

*Example – £124 for a 12 month policy on a vehicle worth up to £10,000 with a £5,000 claim limit.