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GAP Insurance at Stoneacre

GAP Insurance Explained?

What is GAP? Guaranteed Asset Protection, is a specialist insurance designed to ensure that you aren’t left out of pocket if your vehicle is stolen or declared a total loss.

If your new vehicle is written off or stolen, whether it is your fault or not, your fully comprehensive insurance will only pay you what your car is worth at that time - regardless of how much you paid for your car, and they will never consider if you still owe finance or money back to your lease company.

Stoneacre GAP Insurance will insure the gap and pays out the difference between your motor insurance settlement and either the remaining balance on your finance agreement, or the full net invoice price of your vehicle, whichever is greater.

If you are a contract hire customer or have your car on a lease agreement, your fully comprehensive car insurance for leased cars will still only ever pay what the car is worth at the time of the total loss, not considering anything you are left owing. GAP Insurance will pay off any difference you are left owing on your Early Settlement balance from your lease company for you.

A lot of customers ask, is GAP insurance worth it, because vehicles depreciate in value quickly, you could find that the amount your fully comprehensive pay you out is far less than the price you paid. Stoneacre GAP insurance is there to protect you and your investment. 

Why take out GAP Insurance?

Without GAP insurance, if your car or motorcycle is written off, it is possible that you could be left in a financial situation where you are paying for a vehicle that you can no longer use.

Or, if you’ve paid cash for your vehicle, then you could find that the amount your fully comprehensive payout is far less than the invoice price you paid.

Understandably, this isn’t a position anyone wants to find themselves in, but this is where GAP insurance comes in and protects you from this loss.

Regardless of how you have paid for your vehicle, GAP Insurance makes sure that you can replace it with a vehicle of the same value rather than downgrading or having to find funds from elsewhere.

Stonecare GAP Insurance Reviews

Our Customer Stories

Mrs Hunter called us after her car was written off due to someone reversing into her. She was parked up in a supermarket car park – she wasn’t even driving it at the time! After her insurance pay out, she was left owing £3,225 to her finance company and had only owned her car for 3 weeks. Our GAP Insurance policy paid this difference for her.



Mr Frith bought his last car for £12,995 just over 13 months ago. Last Monday he was approaching a junction when a car on the other side of the road was overtaking. Unfortunately, the driver was unable to turn in and went into Mr Frith head on. Both cars were written off. Mr Frith was offered £9,800 from his insurance company. In the first 13 months of owning his car he was facing a loss of £3,195! Luckily for him he purchased Stoneacre GAP Insurance meaning that we paid this difference for him. Mr Frith used his £300 voucher to replace his car and told us that GAP is the first thing he asked for when buying his new car from us.

  • Mrs Hunter, Liverpool

    Mrs Hunter called us after her car was written off due to someone reversing into her. She was parked up in a supermarket car park – she wasn’t even driving it at the time! After her insurance pay out, she was left owing £3,225 to her finance company and had only owned her car for 3 weeks. Our GAP Insurance policy paid this difference for her.



  • Mr Frith, Worksop

    Mr Frith bought his last car for £12,995 just over 13 months ago. Last Monday he was approaching a junction when a car on the other side of the road was overtaking. Unfortunately, the driver was unable to turn in and went into Mr Frith head on. Both cars were written off. Mr Frith was offered £9,800 from his insurance company. In the first 13 months of owning his car he was facing a loss of £3,195! Luckily for him he purchased Stoneacre GAP Insurance meaning that we paid this difference for him. Mr Frith used his £300 voucher to replace his car and told us that GAP is the first thing he asked for when buying his new car from us.

How does GAP Insurance work?


At Stoneacre we offer three different types of GAP insurance that we tailor to you and your sales invoice:

  • Combined Asset Protection

    This protects you for 3 years and pays the difference between your insurer’s pay-out and either the remaining balance on your finance or back to the net invoice price of the vehicle; whichever is greater at the time. We can also cover up to £2000 of any negative equity carried over from your previous finance agreement.

  • Contract Hire GAP Insurance

    This policy will cover the ‘gap’ between your motor insurance settlement and the contract hire early settlement balance for the full term of your lease agreement for up to 5 years.

  • Motorcycle Combined GAP Insurance

    Our motorbike GAP Insurance protects you for 3 years and pays the difference between your insurer’s pay-out and either the remaining balance on your finance or back to the net invoice price of the vehicle; whichever is greater at the time. We can also cover up to £2000 of any negative equity carried over from your previous finance agreement.

Whichever option you choose, with GAP insurance you get the added peace of mind that in the unfortunate event of an accident you won’t be left out of pocket.


Our dedicated team of advisors are available for further information and to help put your protection in place.


Please Call 01405 808191


Our offices are open Monday-Thursday 9am–7pm and Friday-Saturday 9am-5pm

Why choose Stoneacre?

There are a lot of factors to consider with GAP Insurance comparison which is why we do all the hard work for you. Our advisors can tailor our product to find the best GAP insurance for you.

There are a lot of cheap GAP Insurance products out there, and whilst we don't consider ourselves the cheapest it is important to consider that the majority of GAP insurance providers have a lot of exclusions and terms in their policies.

What we offer you is complete peace of mind…

- At Stoneacre we have a dedicated GAP Insurance team at our Head Office, who are FCA authorised and regulated, and are backed by the Financial Services Compensation Scheme

- Our GAP policy covers all factory fitted options on your car, and up to £1500 worth of dealer fitted options on your invoice

- We will offer you GAP Insurance coverage for up to 5 years, depending on how you bought your vehicle

- There is no excess to pay; instead we pay the first £250 towards your fully comprehensive excess for you

- All drivers are covered under your GAP policy, as long as they are insured fully comprehensively

Am I eligible for GAP Insurance?


   • You are the registered keeper and/or owner of your vehicle, or, your vehicle is subject of a Contract Hire Agreement that is in your name


   • You are a permanent resident of the UK


   • You hold a current driving license that is valid for use in the UK


   • The vehicle is not being used for hire and reward purposes


You are covered under a fully comprehensive motor insurance policy for the vehicle to be covered

Request a Quote

Buy GAP Insurance online today with Stoneacre - request a quote below and a member of our team will be in touch shortly.

You can also use this form to start a claim

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