GAP Insurance offers various types of Guaranteed Asset Protection (GAP) insurance. They offer bespoke policies for different types of vehicles, including bicycles, electric vehicles and contract hire vehicles. The focus of their Return To Invoice Advanced GAP insurance is to cover the financial discrepancy between what a motor insurer pays out and the original amount paid for a vehicle, or the amount still owed on a car finance agreement, in the event of theft or write-off. GAP Insurance products are underwritten by Arch Insurance and have received a comprehensive cover rating from Defaqto. Its business model offers customers the flexibility to take out policies online and opt for monthly payments. The company also offers a 30-day free GAP Insurance option.
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