Combined GAP Insurance

Working with Assurity enhances dealership profitability through additional product sales.

What is combined GAP Insurance?

Combined GAP Insurance offers comprehensive financial protection if your vehicle is written off due to theft, fire, or an accident. Standard motor insurance only covers the car’s market value at the time of the claim, which can be significantly lower than what you originally paid or the remaining finance balance. Combined GAP Insurance bridges this gap by covering both the difference between the insurer’s payout and the original invoice price, as well as any outstanding finance owed. This ensures that whether you purchased your car outright or on finance, you won’t be left with unexpected costs, providing complete peace of mind and financial security.

Maximise dealership profit - 2 referral options

GAP Insurance + Add-On Products

In today’s automotive market, customers expect choice and convenience—especially when it comes to purchasing insurance protection. Assurity Solutions provides two options that enables dealerships to offer GAP insurance and add-on products either in the showroom or online direct to Assurity Solutions via our easy to use e-commerce platform. Both seamlessly integrate with existing dealership processes while ensuring full FCA compliance.

Showroom Customer Referral Benefits

Increased Revenue Opportunities

Enhanced Customer Experience

Regulatory Compliance Support

Seamless Sales Process Integration

Higher Product Penetration Rates

Direct Online Referral Benefits

24/7 Sales Channel

Expands Customer Reach

No Sales Pressure on Dealership Staff

Cost-Effective & Scalable

Fully Compliant & Customer-Friendly

What is covered

The financial shortfall between the purchase price of your vehicle and the insured value, or …
…the financial shortfall between the purchase price of your vehicle and the early settlement amount that you owe to your finance company
Dealer fitted accessories up to £1500
The excess amount payable on your motor insurance policy to a maximum of £500

What is NOT covered

Your vehicle if it is used for track days, courier, delivery, taxi, or minicab use
If the total loss occurred after it was taken or driven without your consent by a family member, spouse or partner
Fuel, paintwork protection applications, road fund licence
Accessories fitted subsequently to the purchase of the vehicle
Any theft or malicious damage claim which is not accompanied by a valid and substantiated crime reference number

Key Facts

If your vehicle is written off or stolen and declared a total loss by your motor insurer, GAP will cover the difference between the vehicles market value and the net invoice price you paid for it or any outstanding finance (whichever is greater).
Return to Invoice cover is available for up to 48 months and if applicable Financial Shortfall cover is available for up to 60 months*
Maximum claims benefit of up to £50,000 in the event of a write off that declares the vehicle a total loss*
We will cover any excess up to a maximum amount of £300 or £500 (the specific amount will be stated in the terms and conditions) unless it is recoverable from a third party.
No vehicle age or mileage limit
Dealer fitted accessories covered up to a combined value of £1,500 including VAT.
Contract hire/lease included to a maximum monthly rental of £1,000 including VAT*.