Monthly Payments Available
  • Available on All Platinum Gap Insurance Policies
  • Spread The Cost Over 12 Monthly Instalments
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As one of the UK's leading provider of premium gap insurance, we offer several different policy options. 

Contract Hire / Finance Shortfall

What is it?

If your vehicle is declared a total loss by your insurer our premium finance insurance will cover the shortfall between the settlement amount you are offered, and any outstanding financial liabilities.

Why might I need it?

If your vehicle is written off your insurer will only pay out the value of the vehicle at the time it is declared a Total Loss. As cars rapidly depreciate over time this is likely to be considerably less than the purchase price. If this amount is less than the amount left on any finance agreement, you will be required to cover the difference out of your own funds. Finance / Contract Hire/ Lease Gap Insurance will cover you for any shortfall, ensuring you're not left out of pocket should the worse happen. It gives you valuable peace of mind when you're making an expensive purchase.

Return to Invoice Gap Plus

What is it?

Should your car be written off or stolen, Return To Invoice insurance will cover the shortfall between the settlement amount your receive from the insurer and the amount that was paid for the car when made the purchase. This includes any outstanding finance.

Why might I need it?

Cars depreciate rapidly over time, losing an estimated 60% of their value in the first 3 years of their road life. If your car is written off or stolen, your insurer will payout for the current value of the car, not the original purchase price. This amount is rarely enough to pay any outstanding balance left on a finance agreement.

The Platinum Gap Return To Invoice + insurance policy will cover the shortfall between the settlement figure offered by your insurer, and your vehicle's value when it was purchased. This will include any balance left on finance agreements.

If you paid for your vehicle with cash it will cover the shortfall between the settlement figure and the price you paid for it, enabling you to buy a replacement vehicle of a similar specification.

Gap Plus Combined (Vehicle Replacement) Insurance

What is Vehicle Replacement Insurance?

Vehicle Replacement Insurance pays out the shortfall between the settlement figure offered by your insurer and the cost of replacing your vehicle with something of a similar specification.

Why might I need it?

If you are unlucky enough to have your car written off, your insurer will pay out a settlement fee based on the current value of the car, not the purchase price. As cars rapidly depreciate this is likely to be a lot less than you will need to replace the vehicle with something of a similar specification.

Platinum Gap's premium Vehicle Replacement Insurance will cover the shortfall between the settlement payout from your insurer and the cost of a replacement vehicle of a similar specification. It will also cover any remaining finance agreement liabilities.