Frequently Asked Questions

Do Click4Gap settle any outstanding finance?

This is your benefit and, unlike dealer GAP, in the event your motor insurer declares the insured car a total loss, all of our policies will pay the settlement directly to you, not the dealer or finance company.

Under the Consumer Credit Act, lenders must not include remaining interest in the amount required to pay-off the loan, they would require outstanding capital. Typically, this is much lower than the amount you paid for the car.

For this reason, after clearing outstanding finance, unlike “Finance GAP” which only settles finance, our policy holders are usually left with a sizeable lump sum to use as they wish.

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