GAP Insurance | Thame Cars

Our guide to Guaranteed Asset Protection (GAP)  

Did you know that if your vehicle is written off as a total loss through an accident, fire, theft or adverse weather conditions, most motor insurance companies would only pay out the current market value of your vehicle, and not the original purchase price of your vehicle when you brought it. ​

  • Up to 48 months cover.
  • Payable benefits up to £50,000 for vehicle value.
  • One- off payment or you can benefit from 10 interest free instalments.
  • Covers total loss from fault or non-fault accidents, vandalism, flood damage, fire and theft.
  • Also covers £250 excess.

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If your vehicle is written off and a settlement offer is made by your motor insurer, AutoTrust could pay you the difference between the amount paid out by your motor insurer and the original purchase price you paid for your vehicle.


Q. Can I transfer my AutoTrust Asset Protection policy to a new owner or new vehicle?
It is not possible to transfer your AutoTrust Asset Protection to a new owner. It is however possible to transfer it to another vehicle if this is a replacement vehicle issues by your motor insurer against a total loss of your original vehicle and it's within the first year from the purchase data of the original vehicle.

Q. I am interested in taking out AutoTrust Asset Protection; however the vehicle I am purchasing is for someone else - not me. Is it still possible to take out AutoTrust Asset protection for that vehicle?
Yes, your vehicle will still be covered subject to the person being names on the motor insurance policy for the vehicle.

Q. Can I cancel my policy at any time and get a refund?
We hope that you will be happy with your AutoTrust Asset Protection policy. However, if this policy does not meet your needs and as long as you have not made a successful claim, you have 30 days from the date you received your policy documents to cancel the policy and get a full refund. There is no administration charge for cancelling your cover.

After 30 days, you may be eligible for a refund of your premium based on how many unused months remain on your AutoTrust Asset Protection.


GAP Insurance policies can be paid via monthly instalments or in a one off single payment, this amount can also be added to an overall finance package.

Thame Service Station t/a Thame Cars is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include advising on and arranging general insurance contracts and acting as a credit broker not a lender.