GAP Insurance


Combined GAP Insurance

Protects you from financial loss if your car is written off or stolen.

Buying a car is one of the most expensive purchases you may make during your lifetime, yet it’s also one of the most vulnerable of all your investments. Have you thought about what would happen if your car was written off, for example, due to an accident, fire or theft? In these circumstances, you often end up being worse off financially, because your insurer is unlikely to give you back the price you paid for your car. Also, if you bought your car using finance, your insurance pay out may not be enough to cover the balance you owe your finance company.

In these difficult situations, GAP Insurance^ offers you protection against losing out financially.

GAP Insurance offers cover in the following ways:

  • It pays the difference between the original invoice price you paid for your car and the amount you receive following your comprehensive motor insurance settlement, thus ensuring that you can get back the full amount you originally paid for your car.**
  • If you purchased your car using finance, GAP Insurance will pay the difference between your motor insurance payout and the amount you owe your finance company to pay off the loan, even if the outstanding balance is more than the price paid for the car (excluding arrears).
  • As motor insurers might increase your voluntary excess costs, GAP Insurance will cover this up to a maximum of £250.

Benefits of GAP Insurance:

  • Immediate cover for your new and used car, with no mileage limitations.
  • The policy provides cover for 3 years, ensuring that the majority of your car’s depreciation is covered, returning you to the original invoice price.**
  • If your car is written off or stolen in the first year and you make a claim under the replacement car benefit of your motor insurance policy, the remaining term of your GAP Insurance policy will be transferred to your new car.
  • The policy will also pay up to £250 towards any excess you are required to pay to the motor insurer as part of your claim for the total loss.
  • Includes cover up to £2,000 worth of manufacturer approved dealer fitted options.
  • In the event of a total loss, an experienced claims team will be on hand to guide you through the claims process.
  • Payable by a one off payment or by convenient 12 monthly instalments, whichever you prefer.
  • Reduced premiums available for lower priced vehicles.


  • Excludes certain classic car models and vehicles over 3,500kg gross weight.
  • Excludes vehicles which have been modified other than in accordance from the manufacturers specification.
  • Excludes vehicles that are used for hire or reward
  • If there is Negative Equity included within your finance value, any negative equity will be deducted from the settlement figure.

For all other exclusions, please refer to the full policy document.

GAP Insurance Provides:

  • The difference between your vehicle insurance settlement and the price you originally paid for your vehicle**
  • Policy is transferable at any time provided the premiums have been paid†
  • Includes payment up to £2,000 for manufacturer approved dealer fit options
  • GAP Insurance cover purchased at Platinum is only available on cars bought from branches of Renrod Ltd trading as Platinum
  • No mileage restrictions
  • Cover available on vehicles up to 7 years of age at start of policy
  • Payment of the initial insurance excess charge of up to £250
  • Provides cover in EU countries


Excludes certain classic car models and vehicles over 3,500kg gross weight.
For all other exclusions, please refer to the full policy document.

Gap Cover subject to status. Gap Cover must be purchased within 90 days of vehicle invoice date. Vehicle must be covered by a comprehensive motor insurance policy.

Guaranteed Asset Protection (GAP) is underwritten by Amtrust Europe Limited. Registered office: Amtrust Europe Limited, 10th Floor, Market Square House, St James Street, Nottingham NG1 6FG. Amtrust Europe Limited is authorised and regulated by the Financial Conduct Authority (FCA). You have the right to cancel the policy at any time. If the policy is cancelled within the first 30 days, you will be entitled to a full refund providing no claims have been submitted.

Excludes dealer fit accessories and road fund licence and provided GAP Insurance provider Amtrust Europe Ltd has consented to your motor insurers settlement. Includes manufacturer approved dealer fit options up to a value of £2,000.

†Please contact policy provider and see terms & conditions. ^Subject to terms and conditions. Platinum is a part of Renrod Ltd. Renrod Ltd is an appointed representative of ITC Compliance Ltd which is authorized and regulated by the Financial Conduct Authority (FCA) [their registration number is 313486] and which is permitted to advise on and arrange general insurance contracts. Please ask for full terms and conditions.

All information correct at August 2021.

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