GAP Insurance

Working with Assurity enhances dealership profitability through additional product sales.

Return to Invoice & Financial Shortfall GAP Insurance

When you buy a new car, its value starts depreciating the moment you drive it off the forecourt. In the unfortunate event of your vehicle being written off due to an accident, fire, or theft, standard motor insurance typically only covers the car’s current market value—often leaving you with a significant financial shortfall. Return to Invoice and Financial Shortfall GAP Insurance bridges this gap by covering the difference between your insurer’s payout and either the original invoice price of the vehicle or the outstanding finance balance. This essential protection ensures you’re not left out of pocket, giving you 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
Temporary replacement vehicle for 30 days and a mazimum of £30 per day inc VAT, on approval of claim
Additional Excess Cover – In the event of a successful claim under your motor insurance policy that does not relate to a total loss, this policy will reimburse the applicable excess, up to a maximum aggregate limit of £500 per policy year.

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

Watch a quick explainer video

Key Facts

You may cancel this insurance policy within 30 days and receive a full refund providing you have not and do not intend to make a claim
Claims must be submitted within 60 days of the total loss occurring
You may cancel this policy at any time after 30 days and receive a pro rata refund subject to a policy administration fee
You must not accept a motor insurance settlement without first contacting our claims line