GAP insurance is designed to provide protection
in the event that your vehicle is declared a total loss (written off) by your motor insurer. Should
this happen, the finance company would issue a settlement figure based on the balance left to pay on the
agreement.
Your motor insurer's payout, however, would be based on the vehicle's market value. This
may not cover the settlement figure, potentially leaving you with a shortfall.GAP insurance will cover
any such shortfall, up to a maximum of £5,000, helping to reduce the financial impact of having your
vehicle written off.
- Vehicles with an invoice price up to £75,000
- Cars and commercial vehicles up to 3.5t GVW
- Vehicles up to six years old
- Cover is valid for the duration of the finance agreement, up to a maximum term of five years
- The vehicle is written off whilst being driven illegally and/or under the influence of
drugs or alcohol
- The vehicle is not covered by a comprehensive motor insurance policy
- The vehicle is used for hire or reward
- If the vehicle is left unattended and the keys have not been removed, the doors have not
been locked, or any immobiliser and/or alarm has not been activated
Policy Summary - Download the policy summary for more details of the policy.
About our Insurance Services - Keyfacts about the insurance products and services we offer.
GAP insurance is available for a one-off payment of £245, including Insurance Premium Tax. To arrange
cover, please complete the forms sent with your finance documents, or call us on 08000 833 711, option 4.
XLCR Vehicle Management Ltd is authorised and regulated by the Financial Services Authority for general
insurance business.
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only choose BVRLA- &
Financial Services Authority-approved dealers for your vehicles, finance and insurance.
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Need Assistance?
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