Agreed Value Transferrable Gap Insurance

In the event of your vehicle being declared a total loss, this gap insurance will pay the difference between the motor insurers settlement and 100% of the Glasses Guide Retail Price on the day you purchased the policy.

Cover will include up to a maximum of £250 motor insurance excess.

  • Covers New & Used Cars
  • Cover from 1 to 4 years
  • 30 Day Money Back Guarantee
  • Covers All Factory Fitted Optional Extras
  • Covers Loss Of Vehicle through theft of Keys
  • Covers Insurance Excess Up To £250
  • Covers all drivers on your insurance policy
  • Free Transferable Cover


  • Vehicle Retail Price:


  • Car Insurance Pays:


  • Gap pays:


The vehicle has a retail price of £16,000 when you buy the policy.  The vehicle is a total loss 12 months later and your insurer pays £12,000.

The gap insurance policy pays you £4,000 to return you to the full retail price.


What is the vehicle purchase price that I should use to calculate the cost of the policy?

The purchase price is the net purchase price that you have paid for the vehicle or the current valuation of the vehicle whichever is the lower.

Ifr you require a vehicle valuation, please call a member of the team and they will be pleased to offer this service free of charge.

What is the claim limit?

The Claim Limit is the difference between the motor insurers settlement at the point of total loss and 100% of Glass's Guide retail value of the vehicle when you purchased the policy.

You need to select a suitable claim limit to ensure adequate cover for the term and price of your vehicle.

Who is the insurer of this policy?

The insurer, Acasta European Insurance Company Limited, (registered no. 96218), which is authorised and regulated by the Gibraltar Financial Services Commission and subject to regulation by the Financial Conduct Authority and Prudential Regulation Authority for the conduct of UK business.

The Insurer is covered by the Financial Services Compensation Scheme. You may be entitled to compensation from the scheme if the Insurer cannot complete their obligations. This depends on the type of business and the circumstances of the claim. For claims against insurers 90% of the claim is covered with no upper limit.

When and how do I receive my policy documents?

Policy documents together with confirmation of payment are sent by email as soon as you make the payment.

What is total loss?

Only your insurer can declare the vehicle a total loss which in general can result from accidental damage, your fault or third party fault, fire, theft or vandalism.

Total loss means that you have claimed under your motor insurance, your claim has been agreed, your vehicle has been forfeited (title of the vehicle transferred to the motor insurer) and a payment made following the incident.

How can I pay?

It can either be a single one off payment with the use of a credit/debit card without any card charges or alternatively we can arrange for credit payments over 12 months. Please note that the payments are collected by a third party agency and a small administration fee applies.

Whose name should the policy be in?

The policy should always be in the name of the owner / hirer or registered keeper of the vehicle.

Does it cover my motor policy excess?

Yes; up to £250 in the event of a total loss claim.

Can this policy be transferred to a replacement vehicle?

Yes; it can; You can make one transfer during the period of insurance.

if you sell your vehicle, provided that no claim has been made under this insurance, you may transfer the remaining cover to the replacement vehicle, subject to our agreement. No fee will apply for this transfer. A new schedule will be issued confirming the replacement vehicle details. Where the replacement vehicle is deemed to be of a higher value an additional premium may be required.

Cover will not include any refinancing.

In the event of bereavement, the remaining benefits of this Insurance may be transferred to the policyholder's spouse or partner.

Am I covered for theft of vehicle with keys?

Yes; you are covered when keys are stolen from your home or office which results in vehicle theft. However you must exercise due diligence and take appropriate steps to safeguard both the keys and the vehicle.

No insurer, including your motor insurer, will provide cover for wilful negligence. For example if you leave the keys in the vehicle and you go off to pay for fuel which results in the vehicle being stolen.

Why would this policy not pay out?

Please see the policy terms and conditions for a full listing, however the main exclusions are:
The vehicle becoming a total loss whilst the driver is under the influence of non prescription drugs or under the influence of alcohol, involved in illegal activity, fraud or an act of wilful negligence, eg leaving keys in the ignition whilst the vehicle is unattended.