Why choose MyCoverPlan Gap Insurance?

With our cost-effective insurance, and streamline claims process, MyCoverPlan make things simple. Whether your vehicle is involved in a total loss accident, fire or theft, our GAP insurance will pay the difference between your motor insures settlement and the greater of either the outstanding finance, or the invoice price of the vehicle.

  • We pay up to £250 towards your motor excess

  • Rated excellent on Trustpilot

  • Claim Limit up to £75,000

  • Cover for all named drivers over the age of 21 years on your policy

  • You can transfer your policy for free on our RTI and VRI products

Key eligibility

  • To take out a MyCoverPlan policy, you will need to be at least 21 years old

  • Anyone driving the vehicle must also be at least 21 years old to be covered under this policy

  • You must have a fully comprehensive insurance policy throughout the duration of the Gap policy

Ultimate combined RTI GAP

Vehicle diagram illustrating the insurance payout and MyCoverPlan Gap

Insurance Payout

GAP Payout

Purchase price of your vehicle £35,000

Motor Insurers Settlement £25,000

GAP Policy Payout £10,000

What GAP polices do we offer and what do they do?

  • MyCoverPlan Combined GAP RTI Plus

    In the event your car is either written off due to an accident or stolen and not recovered, causing your motor insurer to declare your vehicle a “total loss”, this policy will pay the difference between your motor insurers settlement and the greater of either the outstanding finance or the Invoice price of the vehicle.

    Terms & Conditions
    Policy IPID

  • MyCoverPlan Finance Gap Plus

    In the event your car is either written off due to an accident or stolen and not recovered, causing your motor insurer to declare your vehicle a “total loss”, this policy will pay the difference between your motor insurers settlement and the outstanding finance/contract hire agreement of the vehicle.

    Terms & Conditions
    Policy IPID

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We also offer the following products

  • Scratch & Dent Insurance

    Coming soon!

  • Combined Tyre & Alloy Insurance

    Coming soon!