In the unfortunate event that your Ford is written off or stolen and declared a total loss, your insurance company may not pay out the original purchase price of the car. This is because many comprehensive motor insurers make a payment based on the market value of the car at the time of the total loss – not on the original purchase price. Any depreciation or loss in the value that takes place after you have taken delivery of your Ford may not be covered. This is your potential loss; however you can choose between two levels of cover.
Ford Insure Invoice Gap covers the difference between your motor insurance settlement and the original price paid for the vehicle including all factory-fitted accessories and any discount given, but excluding other extras, up to £20,000*. Cover is available on all Fords, whether you paid cash or financed your car.
*subject to terms and conditions - Please contact us for more information
Ford Insure Combined GAP
This policy will either pay your finance company the difference between your motor insurance settlement figure and the outstanding finance early settlement balance, or pay you the difference between the net invoice price of your insured vehicle at the start date and your motor insurance company’s settlement figure. In the event of your vehicle being written off during the period of combined cover, the policy will pay out whichever of the two is greater, up to a maximum of £20,000*.
*subject to terms and conditions - Both of the above types of cover are also available as a Deferred GAP option for those vehicle owners who have 'new for old' motor insurance cover for the first year and thus will not require the GAP cover until the second year.
How do I get a quote?
You can get a quote by visiting your Financial Services Authority (FSA) authorised Ford Dealer.
What is GAP?
In the unfortunate event that your Ford is written off, or stolen and declared a total loss, your insurance company may not pay out the original purchase price of the car. This is because many comprehensive insurers make a payment based on the market value of the car at the time of the total loss – not on the original purchase price. Ford Insure Guaranteed Asset Protection (GAP) can cover you if your insured vehicle is written off by your motor insurer. Ford Insure GAP pays the difference, up to a maximum of £20,000, between the insurer's settlement figure and the original invoice price of the vehicle. You can choose from a range of products to suit your needs.
Who would be my Insurer/Administrator?
Your Insurer/Administrator will be Mapfre Asistencia Compania Internacional de Seguros Y Reaseguros SA/Abraxas Insurance Administration Services Ltd, 9 Blenheim Court, Beaufort Park, Almondsbury, Bristol BS32 4NE, and they can be contacted on telephone number 01454 616300.
How do I make a claim?
You should contact the Gap Claims Department of the Administrator (Abraxas) on telephone number 01454 616300, PRIOR to accepting your motor insurance company’s settlement figure.
Can I pay by monthly instalments?
Yes there is an option for you to pay over 12 or 24 months.
I have a query about my GAP policy. How can I contact you?
If you have a query on your GAP policy then contact the administrator (Abraxas) on telephone number 01454 616300.
What if my motor insurance already covers me for new for old for the first year?
A Deferred Gap option is also available, which does not come into force until after the first twelve months.