GAP Insurance by smart

GAP (Guaranteed Asset Protection) Insurance by smart offers you the opportunity to not incur financial loss, if your smart is written off and is not replaced by the motor insurer. There are two types of GAP Insurance products depending on how you choose to finance your car.

To determine which GAP Insurance product is best for you, your Business Manager will be pleased to assess your needs and will only offer you insurance products that they believe will benefit you.This product is also available for Hire and Reward vehicles. Speak to your Business Manager for further information and policy costs.

What is Combined GAP Insurance by smart?

It offers you the opportunity to not incur financial loss if your smart is written off and is not replaced by the motor insurer; when your motor insurer may only pay out the market value at the time of the loss.

If you have chosen to finance your smart?

Combined GAP Insurance by smart makes up any shortfall between your comprehensive motor insurance settlement offer and the original purchase invoice price, or if greater the shortfall between the finance settlement.

If you purchase your smart as a cash buyer?

Combined GAP Insurance by smart makes up any shortfall between your comprehensive motor insurance settlement offer and the original purchase invoice price.

What is Lease GAP Insurance by smart?

In the event of your smart being written off, our product is designed to protect you against the risk of any shortfall in your lease agreement. Following the comprehensive motor insurance settlement, Lease GAP Insurance by smart will pay the difference between this and the cost to clear your lease agreement and help you start a new one.

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How GAP Insurance pays out

Combined GAP Insurance example

If you paid £14,000 for your smart and it is written off and your motor insurance company agree to pay out £10,000. Combined GAP Insurance by smart will pay-out £4,000, making up the shortfall between the price you originally paid.

Lease GAP Insurance example

Your vehicle is written off and your motor insurance company agree to pay out £10,000 but you still owe £14,000 on your lease agreement. Lease GAP Insurance by smart will pay-out £4,000 to clear your lease agreement and help you start a new one.


Product features

Combined & Lease GAP Insurance by smart

Vehicle Age Cover Up to 10 years
smart manufacturer approved accessories cover Up to £1,500
European Cover (per annum) 90 days
Cars costing up to £75,000 claim limit is up to the purchase price
Moto Insurance Excess Cover Up to £250
Policy Transferable* Yes
Cover available for Lease products Yes
Cover also available for Hire and Reward Vehicles# Yes
Cover available for Business Users Yes
Road Fund License contribution up to £200 Yes
Paint Protection/StarGuard when detailed on the original supply invoice will be part of a valid claim Yes
Lease GAP only
Contribution towards a replacement smart under
a new Contract Hire or Lease agreement
up to 3 monthly rentals to a maximum of £2,500 (including VAT)


* Can be transferred to your new vehicle if you replace your vehicle with one of a similar value. Subject to administration fee. Terms and Conditions apply.

#For Hire and Reward vehicles maximum invoice price = £125,000

Where can I purchase GAP Insurance by smart?

The product can be purchased via a participating smart Retailer. For further information please speak to your Business Manager.

GAP Insurance Flyer

To make a claim

If you would like to report a claim for a policy that was purchased after March 2014, please contact our Claims Department on 01279 456 507.

If you purchased your policy before March 2014 please see the FAQS.

To ensure your claim can be processed, please ensure you have the following details ready;

  • Your policy number
  • Vehicle registration
  • Current mileage

Open 9.00am – 5.00pm Monday to Friday and Saturday 9.00am – 12.00pm

The product is only available at participating smart Retailers.


Combined GAP Insurance and Lease GAP Insurance are accepted and underwritten by Lloyd's Syndicate 1861 which is managed by AmTrust Syndicates Limited on behalf of AutoProtect (MBI) Limited. Lloyds Syndicate 1861 managed by AmTrust Syndicates Limited 47 Mark Lane, London EC3R 7QQ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their FCA registration number is 312143. AutoProtect (MDI) Ltd is authorised and regulated by the Financial Conduct Authority. FCA No 312143.