A successful GAP claim would pay out up to £5,000 or £10,000 (the amount depends on the level of cover you take out) to cover the difference between what your motor insurer values your vehicle at and the settlement / termination figure on your finance agreement.

• Your vehicle must be less than six years old.
• Your vehicle is invoiced at less than £50,000.
• If you have a commercial vehicle maximum gross vehicle weight of 3.5 cwt.
• Applicable to all finance agreements, e.g. HP, Lease Purchase, Finance Lease, Contract Hire or Personal Contract Purchase (PCP).

This peace of mind is available for a one off payment of just £249 or just £20.75 per month on 12 months interest free. This cover will last for the duration of the agreement up to a maximum of 5 years.

• On Average 2.2 accidents are reported every single minute.
• Approximately 1,400 vehicles are written off every day due to accident or theft.
• The Home Office Car Theft Index 2003 show that one car is stolen every 90 seconds in England and Wales, 31% are NEVER recovered.
• When questioned most people consider themselves to be safe drivers.

* The above are based on information published by the National Statistics Office