GAP insurance bought within three months of delivery
This covers the shortfall between primary insurer's settlement and either:
· The original invoice price
· A new replacement for old
· Finance outstanding
Eligibility
· New and used vehicles up to five years old at the start of the policy
· Cars and vans owned outright, on finance or leased
· Trucks on finance or leased
· Motorcycles owned outright or on finance
· Motor homes owned outright or on finance
· Policies must be bought within three months of delivery
GAP insurance bought after three months from delivery, or if the car or van is more than five years old.
This covers the shortfall between primary insurer's settlement and Parker's 'Private Good' valuation.
Eligibility
· Used cars and vans up to ten years old at the start of the policy
· Vehicles owned outright, on finance but not leased
· Any type of general vehicle insurance accepted (including third parties)
· Policies can be bought at any time after delivery
Gap Insurance FAQs
How do I calculate my car's purchase price?
The purchase price is the amount you paid after any discount you received. Road tax and additional warranties are excluded. If you leased your vehicle then your lease provider will be able to provide the correct purchase price.
How long do I have to buy Gap after I bought or leased my car?
Within 6 months of leasing / financing / buying your car.
Is there an age limit on used cars?
All cars must be less than 6 years old when the policy starts.
What type of vehicles do you insure?
All cars with up to 7 seats with the following exceptions: Aston Martin, Bentley, Bristol, Cosworth, De Tomaso, Dorchester, Ferrari, Ginetta, Lamborghini, Lancia, Rolls Royce & any left hand drive manufactured American vehicle. All light commercial vans up to 3500kg are also insurable for Gap.
Are there any restrictions on the type of finance used?
No, Gap Insurance is available on all finance products although finance agreements must be no longer than 60 months.
Can I cancel my policy and do I get a refund on the premium paid?
Yes. Provided you cancel within 30 days and no insurance claim has been made. No refunds are available after 30 days.
Who is the Insurance Policy provider?
The policy is underwritten by QBE Insurance Europe Limited.
What is the maximum insured vale of the vehicle?
Gap Insurance will cover vehicles up to £75,000 for PPP/RTI Gap and £75,000 for Lease/Finance Gap.
What is the claim limit?
The maximum gap amount available.
How can I pay for a policy?
Customers can pay by credit or debit card, cheque or by 10 monthly direct debit payment. | 
