Land Rover

Guaranteed Asset Protection Insurance

Guaranteed Asset Protection (GAP) covers customers when their insurance leaves them stranded.

As although you insure the car, by law the insurance companies are not at liberty to repay you the full cost of the vehicle when required. GAP insurance can be a very valuable coverage to have in certain situations. For this reason, it's important to understand what GAP insurance is and what to look for when purchasing this type of coverage.

In the event of your car being stolen and unrecoverable or written off, GAP (Guaranteed Asset Protection) will, in most cases, pay the difference between the actual cash value and the scheduled balance owed to the lender. So it helps protect you financially and does not leave you out of pocket.

How GAP Insurance works

If, for example, you originally paid £18,000 for your vehicle and it was subsequently stolen or written off and your insurance company only paid you £11,000 Asset Protection would make up the difference and pay you the other £7,000 to make sure you got the amount you paid for the car when you bought it.

When can I buy GAP Insurance?

Our GAP insurance can be purchased at any time before you collect your car or up to 60 days after.

How much does GAP Insurance cost?

The cost of our Asset Protection Insurance depends on the value of your vehicle and the period for which you require cover. We can provide you with a quotation, at present all our policies last 3 years.

Can I pay the premium by instalments?

Yes, premiums can be paid in one upfront sum or interest free over 12 monthly instalments.

Does my existing motor insurance policy provide any GAP insurance?

No. Whilst some motor insurers provide a replacement vehicle if yours is written off within the first 12 months of first registration this is not Asset Protection insurance nor a substitute for it.

Why should I purchase GAP Insurance?

  • Over 500,000 vehicles become a total loss each year
  • UK Car Crime is a third of all crime.
  • A vehicle is stolen every minute and 33% of these are never recovered.
  • Motor Insurance settlements are always less than the price you pay for your car.
  • When write offs occurs you lose out and have to raise the funds for any shortfall and the deposit on a new vehicle.
  • Write offs occur all too often, protect yourself.

For more information please call us on 01562 540 550 or 01684 210 550



MTCR Marketing Limited t/a Hills Ford is an Appointed Representative of Assurity Solutions Limited, The Old Rectory Business Centre, Springhead Road, Northfleet, Kent DA11 8HN, who are authorised and regulated by the Financial Conduct Authority. Assurity Solutions Limited's Financial Services' Register number is 517510 and their permitted business is arranging non-investment insurance contracts. We hold Interim Permission for hire and credit brokerage for debtor-creditor-supplier agreements or consumer hire agreements. You can check this on the Financial Services’ Register by visiting the FCA’s website: www.fca.org.uk/register/ or by contacting the FCA by phone on: 0800 111 6768. Hills Ford's Interim Permission number is: 614029

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Non-compulsory general insurance products are covered for 90% of the claim, without any upper limit. Further information about compensation scheme arrangements is available from the FSCS. You can telephone the FSCS on: 0207 892 7300 or write to them at: 7th Floor, Lloyds Chambers, 1 Portsoken Street, London E1 8BN.

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