GAP Insurance for Driving Instructors

Be prepared for the unexpected...Mind the GAP!

A motor insurance policy usually only covers your vehicle pre-accident, or theft, depreciated value. This can be a whole lot less than what is outstanding to pay on the Finance or even the actual retail value of the vehicle.

From the second you start driving your vehicle's value is depreciating. So whether you have paid cash or borrowed the money on a finance or lease agreement, you could be seriously out of pocket. GAP Insurance protects this liability.

Type of GAP Insurance available:

• Finance GAP - Intended for customers vehicles purchased on a Finance, Hire Purchase, Personal Contract Purchase or Lease Purchase. It covers the financial shortfall between the balance outstanding to the finance provider and the settlement made by the comprehensive motor insurer following a total loss claim.
• 'Back To Invoice' GAP - Designed for vehicles primarily purchased 'outright' but can also be purchased for vehicles on Finance, HP, PCP or Lease Purchase. It covers the difference between the original purchase price of the vehicle and the settlement made by the comprehensive motor insurer following a total loss claim.
• Lease GAP - Intended for customers vehicles acquired on Contract Hire, Personal Contract Hire or Lease Hire. It covers the financial shortfall between the balance outstanding to the lease/contract hire provider and the settlement made by the comprehensive motor insurer following a total loss claim.

If you have recently purchased a new tuition vehicle and are looking for competitive GAP Insurance. Please call us on 0845 600 1300 to discuss a quotation.