If you’ve bought a vehicle using a finance agreement the amount that you still owe following the write off or theft of your vehicle could be more than the amount you get from your comprehensive insurance company, leaving you with money to pay for a car you no longer own. Vehicle Finance GAP Insurance pays the difference between your insurance settlement and your outstanding finance.
When you take out a finance agreement on a car, the interest and costs are normally added to the total amount you have to pay up-front. What’s more, the vehicle that you buy is likely to depreciate more quickly than the balance on your finance agreement, leaving you potentially owing more to the finance company if your vehicle is stolen or written off than you will get back from your comprehensive vehicle insurance policy. You can avoid the financial headache of continuing to pay finance on a vehicle you no longer own with a Finance GAP Insurance policy from InsuretheGap.com
Cost of vehicle £25,000
Insurance Pays £15,000
GAP Pays £10,000
"InsuretheGap.com" and “halo" are registered trademarks. InsuretheGap.com is a trading name of Halo Insurance Services Limited, a company registered in England and Wales Company No. 06929208. Halo Insurance Services Limited is authorised and regulated by the Financial Conduct Authority Register Number 504629
This insurance is underwritten by Fortegra Europe Insurance Company Ltd, Office 13, SOHO Office The Strand, Fawwara Building, Triq l-Imsida, Gzira, GZR 1401, bearing Malta company registration number C 84703. Fortegra Europe Insurance Company Ltd is authorised under the Insurance Business Act 1998 of the Laws of Malta to carry out general business, is regulated by the Malta Financial Services Authority, Triq Imdina, Zone 1, Central Business District, Birkirkara, CBD 1010, Malta, and is subject to limited regulation by the Financial Conduct Authority under reference number 805770.
You must be at least 18 years of age.
Any drivers of the vehicle must holds the appropriate licence to drive the insured vehicle.
The insured vehicle must be covered by a comprehensive motor insurance policy.
The vehicle must only be used for private or commercial use e.g. Not used as a taxi, courier or delivery services.
The insured vehicle must not be older than 10 years at the start of this policy