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Quality insurance from the expertsWhy deal "direct" when we can do the work for you? You benefit from our knowledge & experience, especially when a claim occurs.
GAP (Guaranteed Asset Protection) Insurance
MIND THE GAP!! - Between what your motor insurer is likely to pay for your vehicle if it is written-off in an accident or lost through fire or theft (typically £ market value) and the £ balance that the finance company says is outstanding on your hire/lease purchase/rental agreement. The difference can often run into thousands of pounds!
The solution to this problem is simple and very cost-effective – GAP insurance (Guaranteed Asset Protection)
At MSM Insurance we have teamed up with a leading UK GAP insurance provider to bring you highly competitive rates usually much, much cheaper than those offered by motor dealers, but packed with features and benefits to help ensure you have the necessary financial resources to be able to replace your vehicle.
GAP insurance is available for a single personal or business vehicle and if you have a fleet of 5 or more vehicles.
For further details, case examples and to obtain quotes or purchase cover please click on the button below:
(If for any reason our automated quotation system is unable to offer you a satisfactory balance of cover and cost, do please contact us to discuss your specific requirements further and we will do our best to help.
GET A QUOTE
Claims Examples
Example 1 - Purchase Price Protection
| Vehicle | New Volkswagen Golf Plus |
| Date of Purchase | April 2011 |
| Purchase Price | £16,590.00 |
| Date of Total Loss | December 2013 |
| Total Loss Market Value | £10,790.00 |
| GAP Claim Payment | £5,800.00 |
| GAP Premium purchased through broker | £166.95 |
| GAP Premium purchased through dealer | £399.00 |
Example 2 - Purchase Price Protection
| Vehicle | Used Ford KA |
| Date of Purchase | December 2012 |
| Purchase Price | £6,555.00 |
| Date of Total Loss | November 2013 |
| Total Loss Market Value | £5,280.00 |
| GAP Claim Payment | £1,275.00 |
| GAP Premium purchased through broker | £129.85 |
| GAP Premium purchased through dealer | £249.00 |
Example 3 - Purchase Price Protection
| Vehicle | Used BMW 520D |
| Date of Purchase | October 2012 |
| Purchase Price | £31,885.00 |
| Date of Total Loss | November 2014 |
| Total Loss Insured Value | £18.,100.00 |
| GAP Claim Payment | £13,785.00 |
| GAP Premium purchased through broker | £205.99 |
| GAP Premium purchased through dealer | £499.00 |
Example 4 - Finance Shortfall Protection
| Vehicle | New Mercedes A Class |
| Date of Purchase | July 2013 |
| Purchase Price | £29.970.00 |
| Date of Total Loss | August 2013 |
| Finance Company Outstanding | £29,074.93 |
| GAP Total Loss Insured Value | £26,975.00 |
| GAP Claim Payment | £2,099.93 |