GAP
Insurance
Covering any shortfalls between what you paid, what you owe and what you can claim
GAP
Insurance
Covering any shortfalls between what you paid, what you owe and what you can claim
Gap
Insurance
Covering any shortfalls between what you paid, what you owe and what you can claim
MIND THE GAP!
Avoid a potential shortfall…
When your car is written off, your motor insurance policy will only ever pay out what your car is worth at the time of the accident or loss.
More times than not, the amount you get from your insurer will fall well short of what you paid for your car, or what you might still owe under a finance agreement – not to mention the cost of getting you back on the road in a similar replacement vehicle.
If your car is written off, your motor insurance policy only covers your vehicle to its value at the point it is declared a total loss. This can be substantially less than outstanding finance commitments, the price you paid for your car and the cost of getting back on the road in a car with a similar specification. GAP insurance covers the difference between your insurance offer at the point your car is written off or declared a total loss and the value of your car when you bought it.
Choose from 1 to 4 years’
cover
Our GAP cover terms are for 1, 2, 3 or 4 years. You can transfer your cover to another vehicle should you buy a new one during your policy term.
£250 of motor insurance excess covered
Our GAP policies have the added benefit of covering the first £250 of your comprehensive motor insurance claims.
Cover for all named drivers on your motor policy
We won’t take the details of the other drivers named on your motor insurance policy, but our GAP insurance will cover them automatically.
Hire & Reward GAP Insurance available
Taxi drivers, chauffeurs and driving instructors can all be covered with our specialist GAP policy.
GAP Insurance
We know how baffling insurance speak can be, and we’re committed to speaking in plain English…
What is GAP insurance?
GAP insurance is designed to protect you against financial loss if your vehicle is written off or declared a total loss by your insurer.
In most cases, if your car is damaged beyond repair in an accident, stolen, or damaged by flood or fire, your insurer will only pay you the resale value of the vehicle at the time of the incident. And because cars depreciate massively over a short period of time, particularly in the first three years, the chances are your insurance payout will leave you out of pocket.
You may also find yourself exposed to any remaining finance settlement charges.
GAP insurance is designed specifically to cover the shortfall between how much you paid for your vehicle, how much your insurer pays out in the event of its loss, and how much you still owe under any finance agreement.
How long should a GAP policy last?
Unlike other insurance policies, GAP insurance can’t be renewed or extended on an annual basis. For this reason, we recommend your GAP policy lasts for as long as you intend to keep your car.
At Wrapper, we offer a range of GAP policies that cover you for up to four years.
We know it can be difficult to guess how long you’ll keep your car, so if you change vehicle before the policy expires, we’ll give you a pro-rata rebate, which you can either have as a cash refund (subject to our usual cancellation fee), or use as credit against a new policy on a new vehicle.
Who is covered by my GAP Policy?
Anyone who appears as a named driver on your motor insurance policy is covered under your GAP insurance while driving your vehicle.
You GAP policy doesn’t cover anybody driving your vehicle under their own motor insurance or on a temporary/short-term motor insurance policy.
What information do I need to provide when I make my GAP Claim?
When you contact our claims team you will be asked to fill in a claim form.
You’ll also need to provide the following documentation:
- Sales invoice for your vehicle
- GAP insurance policy schedule
- Motor insurance certificate and policy wording
If applicable, you’ll also need to provide a copy of your:
- Finance agreement
- Finance early settlement figure
- Third party details
- Police correspondence
Are there any instances where GAP insurance doesn’t pay out?
GAP insurance won’t pay out if your motor insurer refuses your claim for any reason.
Neither will it pay out if you buy a brand-new car that is subsequently declared a total loss, your insurer offers you a new-for-old replacement vehicle, and you refuse it.
GAP
Insurance
from £99
Many motorists don’t consider the reality of their vehicle being declared a write-off. Even the best insurers will only reimburse you for what your car is worth at the time of the accident. But we all know its value will have been plummeting since the second you drove it off the forecourt. When your car is lost or stolen, you’re simply never going to get back what you paid for it. Unless you have GAP insurance, that is. Our expert knowledge means you’ll always get the cover you need at a price that makes sense.
What our customers think
At Wrapper, we’re proud to provide quality insurance that works around the lifestyle you love, as well as keeping you protected. Our innovative, self-service system puts you in control of your policies, 100% online, 100% of the time, keeping our costs low and yours even lower. That means more time and money to spend on doing the things you love.
But don’t just take our word for it. Have a look at what some of our customers are saying…
What our customers think
At Wrapper, we’re proud to provide quality insurance at competitive prices and a smart self-service system, allowing you to stay in control of your policies. But, don’t just take our word for it, have a look at our customer reviews.
Why Wrapper
GAP Insurance?
At Wrapper, we know your vehicle isn’t just a way to get from A to B. It’s your lifeline, your transport to freedom and your vessel to escape..
That’s why our insurance is not just a policy, it’s protecting the lifestyle you love.
Whether it’s a Mini or Mercedes, a BMW or Bentley, our innovative, self-service system is designed to put you in the driving seat, giving you the power to choose how, when and where you are covered.
Our market-leading support hub and intuitive chatbot Chip will guide you quickly and securely through designing, building and buying the exact GAP insurance cover you need, from any device, at any time.
As experts in leisure and lifestyle insurance, we’re passionate about helping you protect what you love to do, with quality insurance at competitive prices, 100% online, 100% of the time.