GAP Insurance Benefits

What is GAP Insurance?

Guaranteed Asset Protection (GAP) insurance is an optional insurance product sold when you buy or lease a new vehicle. It is designed to protect you against financial loss if your car is declared a total loss by your insurance company following a fire, theft or accident.

If your vehicle is declared a total loss there is a risk that your motor insurance company will not pay the full amount owed on the vehicle necessary to settle the lease contract.

For Example

Audi 4
4 Year Lease
Initial Payment:

If after 3 years the vehicle was declared a total loss:

Your Insurance company market valuation:
Lease company valuation:
GAP the customer has to cover is:
£2,000 (£16,500 - £14,500)

In this example a GAP insurance policy would pay the difference between your insurance companies valuation and the lease companies valuation up to a maximum value dependent on the amount of cover taken out. Some insurance companies also pay back the customers up to £2000 in advance rentals (Initial payment paid when the lease was taken out).

Benefits of GAP Insurance

  • Protects you from financial detriment if your vehicle is declared a total loss

  • You can get a new lease and be back on the road

  • Some insurance companies offer part of the initial payment back to customer but this depends on the type of policy taken


  • Any warranty charges, insurance premiums, road fund license and dealer fitted extras and accessories

  • A vehicle written off whilst being driven illegally under the influence of drugs or alcohol

  • Vehicles not insured under a comprehensive UK motor insurance policy throughout the term of cover

  • If he vehicle is stolen buy any person who access to the keys

  • If the vehicle has been modified in any way from the manufacturer’s specification

What is the cost of GAP Insurance

Central (UK) Vehicle Leasing offer a Hire an Lease GAP insurance from as little as £199 for up to £15,000 worth of cover. You can make a one off payment or make 10 monthly direct debit installments.

Purchase GAP Insurance

Once we have a registration number and delivery date we introduce you to a 3rd party, you will receive a unique invite via email. Simply activate your welcome email, set a password, that’s it, you’re a member and have access to GAP insurance. It’s an optional product for peace of mind.