In the event of your vehicle being declared a Total Loss, our finance, lease and contract hire gap insurance will pay the difference between the outstanding finance balance and the settlement you receive from your motor insurer. .

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

The purchase price is the actual invoice price that you pay for the vehicle, deduct any discounts but do include all factory fitted accessories and up to £1,500 of dealer fitted accessories and paint protection applications up to £500, OR the vehicle value (whichever is the lower).

You should exclude any additional payments for warranty charges, insurance premiums, finance charges, cost of fuel and negative equity from a previous vehicle.

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.

The Claim Limit is the "top up" difference between the vehicle value at the point of total loss and the amount required to settle the outstanding finance.

YES, we will insure your initial deposit up to £2,000.  This is an optional add on.

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

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.

This policy can be purchased at any time.

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.

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

When it comes to getting a new car, finance, lease and contract hires are proving an increasingly popular option up and down the country. But what happens if your vehicle is declared a total loss, leaving you with a significant amount left to pay on your finance deal?

That’s where our contract hire gap insurance comes in. As just one of the types of cover we offer, our finance gap insurance is designed to protect you from suffering a significant shortfall in the event of your car being written off. 

Because the value of your car at the time of being declared a total loss will be different to when you first bought it, your motor insurer will offer you a settlement in line with its current worth, rather than the value at the time of purchase. Recent research shows that the average car depreciates by as much as 60% in its first three years which, if your car was written off, could leave you with a significant deficit to pay on your finance agreement. That’s a situation that nobody would relish, which is why our Finance, Lease, Contract Hire, PCP gap insurance is worth considering as a sensible option to mitigate any damaging costs if the worst was to happen to your car.

Let’s say that at the point where your car is declared a total loss, you owe £20,000 on your finance agreement. However, due to depreciation and other factors, your car at that stage is only valued at £14,000, which is the settlement you receive from your motor insurance provider.

That leaves you with a hefty £6,000 shortfall on the finance agreement – an amount that you may not be able to come up with. But by taking out finance gap insurance with Direct Gap you’ll have protected yourself, as your policy will ensure that we’ll cover that £6,000 deficit.

Yes , our finance and contract hire gap insurance policies are extremely flexible and cover all types of finance contracts.

Contract hire is specifically covered under this policy as it recognises you may not be the registered keeper of the vehicle, but the hirer.

If your vehicle is written off and you have taken out contract hire gap insurance, the next steps will be as follows:

1. Your motor insurer will confirm your car is a total loss.
2. A settlement figure is requested and subsequently received from the provider of your finance agreement.
3. Direct Gap will then pay the difference between the motor insurer’s settlement and the total finance remaining on the vehicle, ensuring that you have nothing to pay.
4. If you have chosen to purchase deposit protection as an add on to your main finance gap insurance policy, your deposit will be refunded up to a maximum value of £2,000.

It’s not a requirement to take out contract hire gap insurance but, as highlighted in the example above, it could prove a shrewd financial decision if your vehicle was to be declared a total loss.

If your car was written off and you had not taken out a Finance Gap insurance policy, you could be left with a significant amount outstanding on your agreement, which you would have to pay for out of your own pocket.

If misfortune was to strike and your car was declared a total loss, you could be left with a large amount outstanding on your finance agreement. That’s because a motor insurer’s settlement will be in line with the car’s value at the time of the incident, rather than its worth when you originally made the purchase.

If you come to us for your finance gap insurance, we’ll cover that shortfall on your agreement. Without gap insurance, you’d have to make up that deficit out of your own pocket, which could prove expensive.

If you’ve bought your car via PCP, choosing between our range of products will depend on your specific circumstances – there is not necessarily one solution that will suit all.

For example, our Finance/Contract Hire gap insurance may be most appropriate if you have put down a minimal deposit, as it will cover the difference between the outstanding amount of finance remaining on your agreement and the value of the car at the point where it was declared a total loss.

Or, our Vehicle Replacement +  gap insurance will pay the difference between your motor insurer’s settlement and the cost of a replacement car, matching the original specifications of the vehicle.

If you’ve put down a sizeable deposit on your car, our Return to Invoice + gap insurance may be the preferred choice, as it will cover the difference between your insurer’s pay-out and the purchase price of your vehicle. Whatever your situation, here at Direct Gap we’re committed to providing the solution that best suits your requirements.

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

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.

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.

We are an internet based provider and as such we have lower overheads than motor dealers.

As a result of the high volume of GAP insurance that we sell annually, we are able to provide quality policies at the keenest prices.

You can be confident that our prices are lower than those quoted by dealers and many other web sites.

Paying less than you have been quoted elsewhere in no way means that you are buying an inferior product, it just means that they are making more profit from your purchase!

Yes; GAP insurance will include all drivers provided that they are covered on your comprehensive motor insurance policy to drive the vehicle as a named driver.

You are covered not only in England, Wales, Northern Ireland, Scotland, Isle of Man and the Channel Islands but also in member countries of the European Community and any other country for which an International Motor Insurance Certificate (Green Card) is effective on your vehicle at the point of Total Loss up to 120 days in any one trip.

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.

In the event of your vehicle being declared a total loss, Return to Invoice gap (RTI)  insurance Pays the difference between the motor insurers settlement and the purchase price paid for your vehicle.

If you purchased your vehicle under a finance agreement (except where the policy is transferred) and the outstanding finance balance at the point of total loss is greater than the original purchase price, this Insurance will pay the difference between the vehicle value at the point of total loss and the outstanding finance balance.

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

Should your car be declared a total loss, our return to invoice gap insurance (RTI) will cover the difference between the settlement you receive from your motor insurer and the price you paid to buy your vehicle in the first place.

The value of your car at the time of being written off will be different to when you first bought it and your motor insurance company will offer you a settlement in line with its current worth, rather than its value when you made the purchase.

Studies show that cars can be depreciate by as much as 60% within the first three years, which could leave you significantly out of pocket if your vehicle was to be declared a total loss. Nobody wants to be put in that position, which is why our RTI gap insurance is an option worth considering if you want to safeguard against what could be a significant financial blow in the event of your car being written off.

Let’s say that you paid £20,000 for your car. However, at the point where it was declared a total loss, its value had depreciated over time to £10,000. That is the sum that you will receive from your motor insurance company, leaving you £10,000 short of your original investment – a substantial amount by most people’s standards. But by taking out a return to invoice gap insurance policy with Direct Gap, you’ll have ensured your finances remain protected, as we’ll cover the £10,000 deficit.

Alternatively, let’s say that you bought your car for £10,000 under a finance agreement, and the details of that deal meant you were going to be paying back a total of £12,000 once interest payments have been taken into account. Now let’s say that the value of your vehicle when it was declared a total loss was £7,000. That leaves you with a £5,000 shortfall to make up, which will be covered by us if you’ve taken out RTI gap insurance.

What’s more, your cover will include up to a maximum of £250 motor insurance excess.

You are not obligated to take out a return to invoice gap insurance policy, but as you can see from the examples above, it could prove a sensible financial decision if the worst was to happen to your car.

If your vehicle was written off and you had no cover in the form of an RTI policy, you could be left significantly out of pocket, or with a large amount left to pay on your finance agreement.

As with any policy, it’s always worth carefully reading through the terms and conditions of your motor insurance documents. If your car is new, some insurers may offer you a replacement vehicle within the first 12 months of ownership. In that situation, you could opt to defer the start of your RTI gap insurance policy until your vehicle is one year old.

Return to invoice gap insurance can prove especially worthwhile if you’ve bought a brand new car that may depreciate quickly over time. If your vehicle was to be declared a total loss, your motor insurer’s settlement will be paid in line with the car’s value at that time, rather than in relation to its purchase price.

That could lead to you losing out on a substantial chunk of money but, by taking out RTI gap insurance, you’ll be covered for that shortfall. The immediate cost of paying for your policy could actually lead to a sizeable saving when compared to the money you’d have to find from your own pocket if your car was written off and you hadn’t taken out gap insurance.

If you’d like to know how much it might cost to take out RTI gap insurance through us, you can follow our simple steps to get a quote online.

Yes; our policy is available to those who purchase their cars by way of a finance agreement. If your vehicle is written off and the outstanding balance is greater than the initial purchase price, our RTI gap insurance will cover that difference.

Yes; our policy will cover you even if the incident that caused your vehicle to be declared a total loss was your fault. However, exclusions apply if the driver is under the influence of alcohol or non-prescription drugs or involved in illegal activity, fraud or an act of wilful negligence. Please carefully read through the terms and conditions of your RTI policy for a full listing.

Taking out return to invoice gap insurance is not an obligation, but it could prove to be a shrewd financial decision in the event of your vehicle being declared a total loss. That’s because the settlement you receive from your motor insurance company will be in line with the car’s value at that time and therefore you would only regain a proportion of the original purchase price. Having an RTI gap insurance policy means you’ll be covered for up to the initial value of the vehicle, so it may be worth considering as an additional option to your standard car insurance.

You can claim on your RTI gap insurance policy once your vehicle has been declared a total loss by your motor insurer. The process will then follow these steps:

1. You will need to call the claims line on 01422 756100
2. You’ll then be required to fill out the claims form
3. The relevant paperwork will need to be checked
4. Your money will then be issued to you by way of bank transfer

The purchase price is the actual invoice price that you pay for the vehicle, deduct any discounts but do include all factory fitted accessories and up to £1,500 of dealer fitted accessories and paint protection applications up to £500, OR the vehicle value (whichever is the lower).

You should exclude any additional payments for warranty charges, insurance premiums, finance charges, cost of fuel and negative equity from a previous vehicle.

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.

The Claim Limit is the difference between the motor insurance settlement at the point of total loss and the original purchase price paid OR to settle the finance shortfall, whichever is greater.

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

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.

Our Return to Invoice policy can be purchased provided that you have owned the vehicle for less than 180 days.

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.

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

Yes; you can defer the start date for up to a maximum of 12 months but the cover must be taken within 180 days of purchasing the vehicle.

The policy start date must not exceed the anniversary of the vehicles first registration.

It is entirely your responsibility to ensure that you have the appropriate cover provided by your motor insurer during the first 12 months.

Yes; in the event that your finance settlement exceeds the purchase price of the vehicle this policy will settle the outstanding finance shortfall and release you from the finance contract. This excludes negative equity carried forward from any previous finance agreement and arrears on the contract.

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

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.

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.

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.

We are an internet based provider and as such we have lower overheads than motor dealers.

As a result of the high volume of GAP insurance that we sell annually, we are able to provide quality policies at the keenest prices.

You can be confident that our prices are lower than those quoted by dealers and many other web sites.

Paying less than you have been quoted elsewhere in no way means that you are buying an inferior product, it just means that they are making more profit from your purchase!

Yes; GAP insurance will include all drivers provided that they are covered on your comprehensive motor insurance policy to drive the vehicle as a named driver.

You are covered not only in England, Wales, Northern Ireland, Scotland, Isle of Man and the Channel Islands but also in member countries of the European Community and any other country for which an International Motor Insurance Certificate (Green Card) is effective on your vehicle at the point of Total Loss up to 120 days in any one trip.

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.

In the event of your vehicle being declared a total loss, this Insurance will pay the difference between the motor insurers settlement and the cost of a replacement vehicle matching the cost of the original vehicle specification.

If you purchased your vehicle under a finance agreement (except where the policy is transferred) and the outstanding finance balance at the point of total loss is greater than the replacement vehicle cost, this insurance will pay the difference between the vehicle value at the point of total loss and the outstanding finance balance.

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

The purchase price is the actual invoice price that you pay for the vehicle, deduct any discounts but do include all factory fitted accessories and up to £1,500 of dealer fitted accessories and paint protection applications up to £500, OR the vehicle value (whichever is the lower).

You should exclude any additional payments for warranty charges, insurance premiums, finance charges, cost of fuel and negative equity from a previous vehicle.

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.

The Claim Limit is the the difference between the motor insurers settlement and the cost of a replacement vehicle matching the original vehicle specification.OR to settle the finance shortfall, whichever is greater.

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

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.

Our vehicle replacement gap policy can be purchased provided that you have owned the vehicle for less than 180 days.

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.

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

Yes; you can defer the start date for up to a maximum of 12 months but the cover must be taken within 180 days of purchasing the vehicle.

The policy start date must not exceed the anniversary of the vehicles first registration.

It is entirely your responsibility to ensure that you have the appropriate cover provided by your motor insurer during the first 12 months.

Yes; in the event that your finance settlement exceeds the purchase price of the vehicle, this total loss gap insurance policy will settle the outstanding finance shortfall and release you from the finance contract. This excludes negative equity carried forward from any previous finance agreement and arrears on the contract.

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

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.

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.

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.

We are able to provide the best in vehicle replacement gap insurance partly because we are an internet-based provider and as such we have lower overheads than motor dealers.

As a result of the high volume of GAP insurance that we sell annually, we are able to provide quality policies at the keenest prices.

You can be confident that our prices are lower than those quoted by dealers and many other web sites.

Paying less than you have been quoted elsewhere in no way means that you are buying an inferior product, it just means that they are making more profit from your purchase!

Yes; GAP insurance will include all drivers provided that they are covered on your comprehensive motor insurance policy to drive the vehicle as a named driver.

You are covered not only in England, Wales, Northern Ireland, Scotland, Isle of Man and the Channel Islands but also in member countries of the European Community and any other country for which an International Motor Insurance Certificate (Green Card) is effective on your vehicle at the point of Total Loss up to 120 days in any one trip.

In the event of your vehicle being written off, this total loss gap insurance will pay the difference between the motor insurer’s settlement and the price of a replacement vehicle matching the cost of the car’s original specification.

If you purchased your vehicle under a finance agreement (except where the policy is transferred) and the outstanding finance balance at the point of total loss is greater than the replacement vehicle cost, this insurance will pay the difference between the vehicle value at the time it was written off and the outstanding finance balance.

The value of your vehicle at the time of being declared a total loss will be different to when you first purchased it, and your motor insurance company will offer you a payout aligned to its current worth, rather than its original purchase price.

It is estimated that cars can depreciate by as much as 60% over as little as three years, which may leave you with a significant financial shortfall if your car was to be written off. That is an unpleasant scenario for anyone to imagine, which is why we offer the best in vehicle replacement gap insurance, to help protect you and your finances.

For example, if you paid £25,000 for your car, but its value at the time of being written off was only £15,000, your vehicle replacement gap insurance would cover the £10,000 difference between that original purchase price and the settlement you received from your motor insurer. Additionally, if the value of your replacement vehicle had gone up from the original purchase price, your gap insurance policy would deliver a payout to reflect that.

Alternatively, let’s assume you bought your car on a finance deal for £25,000 and at the time of being written off, you owed £17,000. Your vehicle replacement gap policy would ensure the finance company received their money, while you would keep the remaining £8,000. In cases where the outstanding balance was greater than the cost of a replacement car, this policy would cover the difference between the vehicle’s value when it was written off and the amount left outstanding on the finance agreement.

Furthermore, your cover will include up to a maximum of £250 motor insurance excess.

Yes; this policy is an option for you if you have purchased your car via a finance agreement. You will receive any money that is left over once the finance company have been paid what they’re owed, and if the outstanding balance is greater than the cost of a replacement vehicle, this policy will cover the difference between the remaining balance and the value of the car when it was written off.

You can take out this policy on a used car, but it may make more sense to do so on a new vehicle, which would likely come with a higher initial value and could leave you with a greater financial shortfall in the event of it being declared a total loss.

No; Direct Gap are providers of additional cover, and as such do not offer a courtesy car. Your motor insurance policy may include this, but please check the terms and conditions of that policy to be certain. Nor do Direct Gap provide you with the replacement vehicle – our total loss gap insurance policy is designed to ensure you receive the money you need to be able to afford a new car to the same specifications, but we do not provide you with the car itself.

Yes; you will be covered even if the incident that caused your car to be written off was your fault. However, you will not be covered if the driver is under the influence of alcohol or non-prescription drugs or involved in illegal activity, fraud or an act of wilful negligence. Please take the time to carefully read through the terms and conditions of your replacement vehicle gap policy for full details.

You will be able to claim on your policy once your car has been declared a total loss by your motor insurance company. The process will then be as follows:

1. You will need to call the claims line on 01422 756100

2. You’ll then have to fill out the claims form

3. The relevant paperwork will need to be checked

4. Your money will be issued to you by way of bank transfer

No; once your motor insurance company have declared your car a total loss, your finance company will subsequently receive the outstanding balance thanks to the cover provided by your vehicle replacement gap insurance policy.