Guaranteed Asset Protection (GAP) Insurance is designed to cover the gap between the purchase price of your car and the pay out from the insurer, in the unfortunate event of a total loss claim. It can also cover any outstanding finance over and above the purchase price, depending on the level of cover you select.
With Stella GAP insurance in place, you can have the peace of mind that you won’t have to bear any financial loss in the event of a total loss claim and can conveniently replace your car without any financial constraints.
If you purchased your car from a dealership within the last 180 days, this policy pays the difference, up to the policy limit, between the total loss settlement made by your motor insurer and either the invoice price or the outstanding finance amount, whichever is greater.
If you have a car on contract hire or lease, Stella Gap Insurance ensures that you won’t have any financial impact or liability if your car is written off. It will cover the difference between the amount paid by your motor insurer and the amount remaining on the contract hire/lease agreement.
If you purchased your car privately or over 180 days ago, Stella GAP Insurance will pay the difference between the insurance pay out from your motor insurer and the Glass’s Guide retail value of your car at the time of purchasing your GAP Insurance policy.
To discuss our GAP Insurance, or request a quote, please call us on 0333 996 2499 or request a call back using the form to the right.
Please provide your contact information in the fields below, and a member of our team will promptly reach out to you to discuss your specific requirements.