GAP Insurance

MotorEasy's Defacto 5* GAP Insurance policy will top up an insurer's payout in the event of a write-off.

GAP stands for Guaranteed Asset Protection. In layman's terms, it covers the difference between what your car insurer values your vehicle at the time it was written off and the original price you paid for it.

Combined Gap

This pays the difference between the motor insurer's settlement and then whichever is the greater, the original invoice price of your car, or the outstanding finance.

Lease Gap

This pays the difference between the motor insurer's settlement and the amount that you have outstanding on a contract hire/lease agreement.