What is Replacement GAP insurance?
If your car is written off through accident, fire, theft or flood, Replacement GAP insurance (commonly referred to as “Vehicle Replacement Insurance (VRI)” cover) aims to pay the difference between your Motor Insurer’s Total Loss valuation of your vehicle and the higher of either:
- The amount you owe the finance company at the time of claim, OR
- The original invoice price that you paid for the vehicle, OR
- The cost of replacing your vehicle with a brand-new version of the same (or nearest equivalent) vehicle, at the time of claim
Subject to eligibility, it’s available for a vehicle for which you are the first registered keeper, that (at the time of purchasing the policy) is less than 90 days old, that was bought from a VAT registered motor dealer, for a purchase price of up to £50,000.
See “How Does Replacement GAP Insurance Work?” for more information, or click below to get a quote.
If your vehicle is more than 90-days old (but less than 10-years old) and/or you purchased it for more than £50,000 within the last 90-days, we can potentially offer you Invoice GAP insurance for it.
See “What Is Invoice GAP insurance?” for more information.
If you bought your vehicle more than 90-days ago and/or you bought it from a private seller instead of from a motor dealer, and it’s currently worth less than £80,000, we can potentially off you Top-Up GAP insurance for it.
See “What is Top-Up GAP insurance?” for more information.