If your SEAT is written off, your motor insurer will usually pay out based on the current market value of your vehicle. This could be a lot less than its original value and therefore may leave you with an unexpected shortfall.
Our Gap Insurance helps to cover the gap left by this shortfall to get you back in a new SEAT or help pay off any outstanding finance, lease or hire agreement.
SEAT Gap Insurance
This pays the difference between the write off settlement from your motor insurer and the price you paid for your SEAT or the outstanding balance payable to the finance company, whichever is the greater amount.
If your vehicle is leased or hired, we will cover the difference between the write off settlement from your motor insurer and the early termination charge. This includes any rentals paid in advance as a deposit.
Cover lasts for 36 months and the maximum claim limit is based on your vehicle purchase price.
In the example above, you could receive a £5,000 payment that you could use towards the purchase of a new SEAT.
SEAT Gap Insurance Plus
In addition to all the benefits of SEAT Gap Insurance, the SEAT Gap Insurance Plus policy includes a 12-month fixed benefit. This will start once your 36-month Gap Insurance cover ends.
If your vehicle is written off during the additional 12-month fixed benefit period of insurance, we will pay a fixed sum of £2,500.