Lease GAP insurance or Lease Asset Protection (LAP) is designed specifically for people who have a contract hire or lease agreement on a vehicle.
If your vehicle is written off, you could be liable for any shortfall between the difference of the car insurance payout made by your insurer and any early settlement payment to the contract hire or operating lease company, up to the purchase price of the vehicle. Our Lease GAP Insurance provides cover against this shortfall.
It will also contribute £250 towards your insurance excess AND three rental payments on a vehicle under a new agreement, up to a maximum of £2,500.
We have provided some information below and you can also contact us directly if you have any further questions.