What is Total Loss Protect (TLP) GAP Insurance?

If you’ve landed on this page, it’s probably because you are considering GAP insurance for a vehicle that you have either owned for some time or is too old for a normal GAP Insurance policy. You are looking at GAP cover because you appreciate its value and don't want to be left with a shortfall if your vehicle is written off by your main vehicle insurer.

Total Loss Protect is a form of GAP insurance designed to help protect you against financial loss in the event that your vehicle is written off by your main vehicle insurer, and will pay 25% on top of the insurer’s settlement amount, up to a maximum of £10,000.
The vehicles that can be covered by TLP are:

  • Cars (so long as they are not used for hire or reward such as taxis, mini cabs, couriers or driving tuition),
  • Motorcycles (so long as they are not used for hire or reward such as taxis, mini cabs, couriers or driving tuition),
  • Motorhomes that do not exceed a gross vehicle weight of 3,500kg (so long as they are not used for hire or reward such as taxis, mini cabs, couriers or driving tuition),
  • Vans that do not exceed a gross vehicle weight of 3,300kg (so long as they are not used for hire or reward such as taxis, mini cabs, couriers or driving tuition),
  • Commercial vehicles that fall within the above criteria.

TLP GAP covers your vehicle no matter:
the length of time you have owned it,
its age,
its recorded mileage, or
if you’ve had a GAP policy, but it expired and cannot be extended.

Example 1:
If your motor insurer’s settlement is £7,000, Total loss Protect will pay out £1,750, which is equivalent to 25% of the insurer’s settlement
Example 2:
If your motor insurer’s settlement is £48,000 Total loss Protect will pay out £10,000, which is equivalent to the maximum benefit allowable.

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Covers Cars, Motorcycles and Vans (up to 3.5t)

Policies from 1 to 3 years

14 Day Money Back Guarantee

Covers insurance excess up to £250

Covers All Drivers on your Insurance Policy

No additional fees for credit card payments

no mileage restrictions during the term of your policy

Vehicles Covered

Most vehicles can be covered, other than vehicles that; are over 3,500kg GVW or have a purchase price in excess of £50,000 that are not fitted with a manufacturer approved tracking device, or are insured under a motor traders’ policy*.

*Full eligibility and exclusion details are contained within the Total Loss Protect Policy wording.

Questions?

Welcome to Nice 1 Limited

Established since 2007, Nice1 Limited originally made its name with the development of innovative insurance solutions for the specialist insurance products marketplace through insurance intermediaries. We pride ourselves on providing up to date solutions tailored to customer needs. Our online offerings provide complete information in non-technical jargon, which should enable you to make informed decisions about product suitability.