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If your vehicle is declared a total loss as a result of an accident, theft, fire or flood, there is a risk that your

motor insurance settlement may not completely pay off the outstanding finance owed on the vehicle, leaving

you with the balance to pay off for a vehicle you no longer have.


Finance GAP pays the difference between the motor insurer settlement and the outstanding finance on the

vehicle, up to a maximum of £10,000 or £15,000 (subject to eligibility). In addition to this, we also pay you

up to £250 of your motor insurance excess in the event of a ‘fault’ claim.


Major Exclusions:

·         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 the vehicle is stolen by any person who has access to the keys.

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


Eligible Vehicles:

·         Vehicles up to £125,000 invoice price

·         Cars and commercial vehicles up to 3.5 tonnes

·         Vehicles less than or equal to 6 years old

·         For vehicles financed on any funding agreement (excludes cash purchases) please note, the following

      vehicles and use are excluded; emergency vehicle, taxi, bus or driving school.


Duration of Cover:

·         For up to 60 months in line with the finance agreement, or

·         Until the vehicle is sold, or

·         Until the finance is terminated whichever is sooner.


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Premia Solutions Limited is Authorised & Regulated by the Financial Conduct Authority






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UK Car Contracts is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority. Select Contracts is licensed as a credit broker under the Consumer Credit Act 1974 by the Office of Fair Trading. Consumer Credit Licence No 664096. VAT Registration No. 181 8746 74. ICO Registration ZA076253. Company number 06569098. Select Contracts are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA), No 1846.
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