SEAT Gap Insurance

Gap insurance (also known as ‘Guaranteed Asset Protection’) helps to bridge the payment gap between the settlement amount from your motor insurer and the original purchase price of your car, or the outstanding finance.

If your car is written off, or stolen and not recovered, your motor insurer will settle your claim based on the current market value of your vehicle – which could be substantially less than you paid for it. 

SEAT Gap Insurance helps to alleviate the additional worry of finding the money to purchase a replacement SEAT.

There are several options to choose from, speak with your local dealer to arrange SEAT Gap Insurance that is right for you.

To find out more about SEAT Gap Insurance click here

Return to invoice price

Pays the difference between the original purchase price of your SEAT and the total loss settlement paid to you by your motor insurer.

Outstanding finance

Pays the difference between any outstanding finance (excluding any arrears) on your SEAT and the settlement paid to you by your motor insurer.

Return to invoice price and outstanding finance

Combines the advantages of return to invoice price and outstanding finance. Paying the difference between the total loss settlement paid by the motor insurer and the original purchase price or the amount required to settle the finance agreement, whichever is greater.

Lease charges

For vehicles financed on a contract hire agreement, lease charges pays the difference between the motor insurance payout and the amount required to settle the agreement.

The original purchase price includes all factory fitted accessories and any discount given but excludes SEAT dealer fitted extras or accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums, warranty premiums and any such associated costs and any negative equity.

How does GAP insurance work?

If, for example, you purchase a vehicle for £15,000 and it is written off after 15 months, your motor insurer may only pay out the current market value which might be £11,000. To replace your SEAT with another model worth £15,000 you would need to find £4,000. However, with our return to invoice price cover we could pay you the missing £4,000. With our outstanding finance product the GAP insurance payment would only be sufficient to cover any charges (up to a maximum of £10,000) that would need to be paid in order to fully settle your finance agreement.