GAP Insurance

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Van & Commercial Vehicle GAP Insurance


What is Commercial Vehicle GAP Insurance?

Commercial Vehicle GAP Insurance for your van, light commercial vehicle or pickup can protect you in the event of a total loss.

Commercial Return to Invoice GAP will, in the event of a total loss, pay the difference between the comprehensive insurer’s settlement and the original invoice price of your vehicle or the finance settlement figure, whichever is higher at the time.

Commercial Vehicle Replacement GAP will instead cover the difference between your motor insurer’s settlement and the replacement cost of a vehicle matching the original at the time of purchase, or the outstanding finance balance, which is higher.

If the vehicle is on a lease or contract hire agreement, Commercial Contract Hire GAP will cover your liability under the contract by paying up to 100% of the outstanding rental payments for the vehicle and cover any shortfall in the market value settlement provided by the insurer. For an additional premium, you can also protect the initial rental on the agreement up to a maximum of £3,000.

Mind the GAP! Avoid a potential shortfall...

On the road price: £
Anticipated length of ownership (years):

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Do I need Commercial Vehicle GAP?

With Commercial Return to Invoice, the answer to this is yes, if you want to:

  • Protect the price you paid for your van and cancel out the effects of depreciation
  • Be paid more than just the market value settlement at the time of a total loss
  • Have enough money to clear any outstanding finance in the event of a total loss AND be left with any amount remaining once this has been paid

With Commercial Vehicle Replacement, the answer to this is yes, if you want to:

  • Protect against the depreciating value of your vehicle
  • Protect the value of your vehicle, not just what you paid for it
  • Protect against rising costs of new vehicle and/or any discount you received at the time of purchase

With Commercial Contract Hire GAP, the answer to this is yes, if you want to:

  • Cover your liability under the contract hire agreement if your vehicle is a total loss
  • Be able to get a new vehicle on a new agreement with no debt from the previous agreement
  • Receive back your deposit/initial rental (if you select Initial Rental cover)

Can I buy Commercial Vehicle GAP?

  • I have bought a new vehicle, or a used vehicle under 10 years of age with less than 80,000 miles
  • I have a van, LCV or pickup which is under 3.5t
  • My vehicle was bought or leased from a VAT registered dealer or finance company OR bought from private seller
  • My vehicle was collected within the last 365 days
  • My vehicle is owned outright, on a Hire Purchase or Personal Contract Purchase finance agreement or it is on a lease (for Contract Hire GAP)
  • My vehicle is not excluded

    Vehicles used in any sort of competitions or rallies. Vehicles used for racing, pace making, speed testing or in reliability trials; Vehicles not listed in Glass's Guide; kit cars; invalid carriages; commercial Vehicles of more than 3500kg gross weight. Any, taxi, mini cab, driving tuition vehicle, courier or delivery vehicle of any type or any private or public rental vehicle.

Commercial Vehicle GAP Insurance Features:

  • Available up to 5 years for vehicles owned outright or on finance, or for vehicles on lease or contract hire
  • We are fully authorised and regulated by the Financial Conduct Authority (FCA) and your policy is covered by the Financial Services Compensation Scheme
  • Pays as standard up to £250 of your Comprehensive Insurance excess
  • Any amendment made FREE of charge
  • Available for vans up to 10 years old, delivered within the last 365 days
  • Policy transfer – pro rata transfer of unused premium if you change your vehicle, with no admin fees
  • Discount available for renewal and additional policies
  • We guarantee to beat any comparable online GAP quote

Commercial Vehicle GAP Example

Commercial Return to Invoice Plus Example (With Finance)

*Example shows the amount covered by your Comprehensive Vehicle Insurance (based on average depreciation rates and current market value) and the potential shortfall if your vehicle is written off.

Your invoice value of: £18,000
The amount owed to the finance company at the point of claim: £19,000
Your comprehensive market value insurance payout: £14,000
Our Return to Invoice Plus payout: £5,000
Comprehensive Insurance payout + ALA GAP Insurance payout = £19,000
(Leaving you clear of any owed finance on your vehicle)
view an example without finance
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Commercial Vehicle GAP FAQ

If your van is on hire purchase or PCP finance, where you can choose to own it at the end of the term, or you do so automatically when the last instalment has been paid, then Commercial Back to Invoice Plus or Commercial Vehicle Replacement Plus would be suitable for you.

Alternatively, if the van is on a lease or contract hire agreement, where there is no option to purchase at the end of the term, you would need to select Commercial Contract Hire Plus.

Yes, this would be covered under our Commercial Back to Invoice Plus policy. However, as you would not have a VAT invoice for the amount you have paid, the policy covers the difference between your motor insurer's settlement and the Glass's Guide value at the time of purchase.

Yes - we cover a wide variety of commercial vehicle as long as they are not specifically excluded by the policy terms and conditions.