GAP insurance

Why get GAP insurance through Wesleyan?

If your new car was damaged or written off in an accident, would your current car insurance cover all the costs? Get covered for any outstanding payments on your car’s finance agreement, plus a hire car for 28 days if you need it.

• Great for new cars and nearly new cars
• Cover for vehicles up to the value of £150,000
• Select your claims limit between £5,000 and £50,000
• If you sell your car without making a claim, you can switch your cover to a new car

What’s covered?

Maximum vehicle value up to £150,000 

The value of your vehicle will need to be agreed by Glasses Guide and confirmed by your insurer. You’ll then get a maximum benefit claim of £50,000.

Help when you’re without a car

We’ll provide a hire car for up to 28 days while you wait for the settlement of your motor insurance.

Contract hire and lease

However you purchased your vehicle, we’ll provide cover to make sure you’re always fully protected.

Transferrable to replacement vehicle

You can transfer your insurance to a new vehicle if you sell yours. As long as you haven’t made a claim for your current car.

90 days cover in European Union

If you make a claim that happens overseas, you’ll be covered for up to 90 days a year.

Am I eligible for GAP insurance?

You can take out GAP insurance from Wesleyan Financial Services as long as:

• You’ve purchased a policy within 180 days of taking ownership of a vehicle (from a VAT Registered Dealership or online car dealership). For vehicles falling outside this requirement an Agreed Value will apply. Only vehicles whose value is £7500 or greater at the time of purchase are eligible for GAP cover.
• Your invoice selling price doesn’t exceed £150,000

Your vehicle won’t be covered if you use it for any of the following purposes:

• Competitions or rallies, track days, racing, pace making, speed testing, reliability trials or off-road use
• Carriage of goods or passengers for hire or reward or solely for delivery or courier purposes
• Driving tuition (unless specifically agreed by the insurer)
• Short-term self-drive hire

You’re not eligible for cover under this policy if your vehicle is:

• A taxi, driving school vehicle, chauffeur or courier vehicle (other than where the insurer has specifically agreed to cover such vehicles at an additional premium)
• A kit car, invalid carriage or a commercial vehicle in excess of 3,500kg gross vehicle weight
• An American, Australian or Canadian vehicle which is not built for the UK market