Comparing Replacement GAP insurance

Whether you're comparing the cover features of our Replacement GAP insurance policy with a policy available from elsewhere, or simply wanting a better understanding of our policy, the table below will help.

Feature	Details
A-Rated Insurer?
ALL named drivers on your motor insurance policy, covered?
NO Pre-Approval clause with penalty? Some policies from some GAP insurance providers strictly enforce that you must seek the claim administrator's approval before accepting an offer from your motor insurer, with you forfeiting some or all of your GAP insurance claim in the event that you don't.
Total Loss Courtesy Car available? Provides the use of a courtesy car for up to 28-days in the event your motor insurer declares your vehicle a Total Loss and withdraws their courtesy car provision	Subject to an additional fee being paid.
Ability to cover Negative Equity brought forward from a previous vehicle?	Max £2,000 Subject to an additional fee being paid.
Initial Cooling Off Period? Cancel within this period and receive a full refund if no claim has been made	30-days
Pro-Rata rebate of unused premium if you cancel outsde of the initial Cooling Off Period? If you sell your vehicle and cancel the policy early with no claim having been made, do you get some of your money back?	Daily Calculation
Pays out in cash to the policyholder? Some Replacement GAP insurance policies from some providers will contractually oblige you to allow them to source your next vehicle for you. Others may insist that you deal with a motor dealer that they nominate to source your next car. Thereby denying you the flexibility to choose which car you get next, from which dealer or even whether you wish to use the funds towards a new car at all.	After all parties with an interest in the vehicle have been paid (e.g. a finance company), any/all excess funds are paid directly to the policyholder leaving them free to use those funds against the cost of sourcing any vehicle from any dealership of their choice.
Cover for dealer fitted accessories?	Up to £1,500 worth
Transferable? If you sell your vehicle and have not claimed on your GAP insurance policy, can the unused portion be transferred forward on a new vehicle?	We will cancel your policy and allow you to transfer forward, the financial value of the remaining period of your cover, against the cost of a new policy on a new vehicle. No cancellation, transfer or admin fees will apply.
Will pay towards your Motor Insurance excess in the event of a successful Total Loss claim?	£750
NO Market Value clauses? A Market Value clause permits the claim administrator to reduce the amount of your claim based either on their belief that you paid too much for it when you originally bought your vehicle or, if your motor insurer pays out less than they think your car is worth at the time of claim - potentially both. Where possible you should avoid any GAP insurance policy that has one or more market value clauses permitting such a reduction in the amount of claim.	None
Maximum age of vehicle that can be covered?	90-days old
Maximum vehicle value?	£50,000
Maximum Claim Limit available? (Subject to the vehicle value)	£50,000
Maximum duration of cover available?	3 Years
Is there a cancellation Fee if cancelled outside of the initial Cooling Off Period?	£15.00 Waived if a new policy is purchased.
How long after taking delivery of the vehicle, do have to buy GAP insurance?	90-days
Available for both New and Used vehicles?	Brand New, 1st keeper only.
Allows for vehicles to be modified?

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Standard & Poor's	A+
A.M. Best Company	A+
Fitch	AA-
Moody's	A2

Standard & Poor's	A+
A.M. Best Company	A+
Fitch	AA-
Moody's	A2