GAP Demands and Needs

Insurance products are optional and Stoneacre do not offer advice relating to the sale of insurance products. Stoneacre is authorised and regulated by the Financial Conduct Authority. It requires us to evaluate your insurance requirements and to use this information to decide if our services are right for you.

We are covered by the Financial Services Compensation Scheme (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. Insurance advising and arranging is covered for 90% of a claim without any upper limit. Further information about compensation scheme arrangements is available from FSCS.

You are eligible for GAP if the following statements are true:

- I am aged 18 years or older

- I am a permanent resident of the UK

- Myself, and any person permitted to drive the insured vehicle hold a valid UK driving licence, including a provisional licence

- The vehicle is not to be used for racing, pace-making, speed testing, reliability trials or any off road event

- The vehicle is not to be used for hire & reward, courier or delivery services, short term self drive or for the carriage of passenger, such as taxi driver*

- I am the registered keeper and/or owner of the vehicle

- The vehicle is insured by a comprehensive motor insurance policy for the duration of the policy, not including any type of motor trade insurance policy

- I hold a valid UK driving licence, including a provisional licence

- I understand that Stoneacre will not contact me for 2 clear days to conclude GAP, but that I have the option of initiating contact sooner

- I am aware that it is my responsibility to explore alternative GAP options during this 2 day period

- I am aware that if I do take the GAP described to me, it can be cancelled within the first 30 days for a full refund, after 30 days a pro-rata refund will be calculated

- I understand the main terms, conditions and exclusions of GAP

*If your vehicle is used for hire and reward purposes including taxi driving, then it is your responsibility to ensure it is made clear on the call with the contact centre advisor so that we can ensure you are placed on the correct policy with the correct level or cover.

Decidebloom Ltd t/a Stoneacre are authorised and regulated by the Financial Conduct Authority our Firm Reference Number (FRN) is 308726