Lease Gap Insurance

This policy is designed for people who are obtaining their vehicle on Contract Hire or Lease.

Lease GAP covers the financial shortfall between the balance outstanding to the lease/contract hire provider and the settlement made by the comprehensive motor insurer following a total loss claim.

You can cover the vehicle for 1, 2, 3 or 4 years depending on the term of the Contract Hire/Lease agreement. Benefits are available from £5,000 to £20,000 depending on the value of your vehicle. You must purchase Lease GAP within 3 months of the Contract Hire/Lease start date.

Eligibility Criteria:

• The vehicle must be under 5 years of age and reistered in the UK.
• The vehicle must be a car or light van up to 3.5t GVW.
• Insured must hold a current driving licence.
• Your vehicle must be covered by a UK comprehensive motor insurance policy.
• Lease Gap Insurance is only available if your vehicle is on Contract Hire or Lease only. If the vehicle is on Finance then please use the Finance GAP or Back to Invoice GAP product.
• Your vehicle must not be manufactured by Aston Martin, Bentley, Ferrari, Lotus, Maserait, Rolls Royce, TVR or any American make of vehicle unless manufactured as a right hand drive and purchased from an authorised UK distributor and not imported directly.
• Your vehicle is not an emergency vehicle, taxi, bus, truck, heavy goods vehicle,
  motorcycle or invalid carrier.

Price List (Total Premium includes Insurance Premium Tax, and is the total amount you will pay for this 1, 2, 3, or 4 year policy)