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We can provide three levels of gap insurance for your BMW, depending on the age, mileage, and funding method you used to purchase it. Our Gap Insurance policies are feature-packed and have all the regulatory backing you would expect from a UK-based insurer. All this, as well as having no claim limit for vehicles up to £75,000, UK-based call centres and claims processes approved by Trading Standards. Combine this with some of the most competitive prices in the UK today, and the logical choice to protect your BMW has to be with Total Loss Gap.
We have several options if you are considering a Gap Insurance policy for your BMW, depending on how you have paid for it and what you will use it for. The good news is that you can not make the wrong choice. Our policies offer you protection and peace of mind, knowing that you will never be left paying for something you no longer have. What would happen if your BMW is involved in a fire, theft, or accident in the future that leads to the motor insurer declaring the car a 'total loss' or 'write-off'?
N.B. Your fully comprehensive insurer is only legally obliged to offer you the market value for your BMW at the point of loss, not the price you paid.
Depending upon the level of cover you choose, your Total Loss Gap Insurance policy can cover the difference between the motor insurer's settlement and the highest of:
The bonus is that if your BMW costs less than £75,000, our policy has no upper 'claim limit' to cover the difference required. Vehicles between £75,000 and £100,000 have a maximum claim limit of £75,000. However, please remember that this amount is in addition to your motor insurance company's settlement.
Our policies are designed to provide the best outcome and remove the initial guesswork when buying a BMW.
How do we do this?
If you are considering Gap Insurance for your vehicle, once you have done your research and due diligence, you will likely be offered three different types of Gap Insurance. Finance Gap, Combined Return to Invoice Gap and Combined Vehicle Replacement Gap
The obvious question is, 'Which one is best for me?'
It depends on several factors:
Summary of Gap Insurance cover available for your BMW
Gap Insurance Policy Documents
Finance Gap Insurance pays the difference between your insurance company's settlement and the amount outstanding on your lease.
Total Loss IPID From February 2024 Total Loss Contract Hire From February 2024
Combined Return to Invoice Gap Insurance - Pays the difference between your insurance company settlement and the higher of either
Total Loss IPID From February 2024 Total Loss Return to Invoice From February 2024
Vehicle replacement Gap insurance pays the difference between your insurance company's market value of your BMW on the day it was written off and the higher of either.
Total Loss IPID From February 2024 Total Loss VRI GAP From February 2024
The list goes on. The quickest way to find out is to click for a quotation. Our system will ask you questions about you and your BMW and then offer you up to 2 different levels of gap insurance depending upon your circumstances. For an instant quote and to see which level of gap insurance will be best for your BMW, please follow this link: Total Loss Gap Insurance for your BMW.
Here are real-life examples of how much a Total Loss Gap insurance policy could protect you if your BMW were written off.
BMW iX3 M Sport Pro - Bought Brand new £63452 in May 2023
The value with 8321 miles on the clock is now £46500.*
That is a potential loss of £16952.
BMW 435d X Drive 3.0 TD (308bhp) M Sport Convertible Bought October 2019 for £52360.
The value with 26000 miles on the clock is now £22400*
That is a potential loss of £29960
*Valuations taken from Glass's Guide Dealer Retail 24/04/2024.
A Total loss Gap insurance policy will have terms and conditions like any other insurance, and it is not available for everyone.
To ensure that should you ever need to make a claim, it will be honoured and settled in record time, our system will ask you about your BMW and auto-eliminate levels of cover that you either are not eligible for or could not benefit from. After all, why would you want to be offered contract hire gap insurance for a BMW you paid cash or used a form of PCP to pay for it?
To buy a Total Loss Gap Insurance policy for your BMW, you must;
Please see the policy documents above for a full list of terms and conditions.
When you pick up your BMW, it will look pristine, but keeping it that way while driving on today's roads can be challenging. That is why more and more people are looking to Alloy Wheel Insurance to cover the cost of repairing damaged alloys. This is where Total Loss Gap can provide you with what we believe is one of the best Alloy Wheel Insurance products today.
Before we explain why alloy wheel insurance from Total Loss Gap may stand out from the crowd, we will first explain precisely what alloy wheel insurance does.
If you suffer accidental or malicious damage to your alloy, a typical example would be when you rub against a kerb and scuff the alloy. The cost of this unsightly repair can be something like £100-£150 and, in some cases, even more.
There are two main ways to have your alloy wheel repaired.
Just a few reasons for you
Alloy Wheel IPID After March 2023 Alloy Wheel T&C After March 2023
For more details on our Alloy Wheel Insurance, please follow this link - Total Loss Gap Alloy Wheel Insurance for your BMW.
Tyre Insurance is designed to protect you against the costs of replacing or repairing a tyre on your BMW that may have been damaged maliciously or accidentally.
An example may be when you drive over a pothole or a nail, and your tyre suffers damage that may require replacement. Replacing a tyre can be relatively high; however, if you take a tyre insurance policy, you can cover these costs should these incidents occur.
Our tyre insurance policy can also cover the puncture repair cost.
Just a few reasons for you
For more information on how Tyre Insurance may work for your BMW, please follow this link - Tyre Insurance for BMW.
Tyre Insurance IPID After March 2023 Tyre Insurance T&C After March 2023
A Complete Wheel Protection package may be perfect if you are considering alloy wheel insurance and Tyre Insurance for your BMW.
This policy combines Alloy Wheel and Tyre Insurance into one policy. You get all the features for each policy as if you bought them separately, but by combining the covers, the cost of the policy is lower than buying the individual products.
So with a Complete Wheel package, you can claim up to 4 Alloy repairs AND 4 four Tyre replacements or repairs per 12-month period.
To confirm the features of the Alloy Wheel Insurance and Tyre Insurance combined means :
AND
All rolled into one convenient policy.
For more details on Complete Wheel Insurance protection for your BMW, please click this link: Complete Wheel Protection for BMW.
Total Loss IPID After March 2023 Total Loss Complete Wheel After March 2023
Have you ever been annoyed by getting a scuff on your bumper or perhaps a trolley ding in the side of your car? The beautiful condition in which you pick up your BMW can be challenging to maintain with the increased traffic on the U.K. roads and the seemingly tighter spaces found in car parks. The sinking feeling you get when you return to your vehicle to see damage to your bodywork can be aggravating and expensive to repair.
Of course, you can claim these types of damage from your comprehensive motor insurance policy. However, this may affect your no-claims bonus and your subsequent annual premiums, adding insult to injury for many.
The alternatives include taking a Scratch and Dent policy. Scratch and Dent policies will allow you to cover the costs of minor cosmetic damage on your vehicle in one insurance product. Now, Scratch and Dent Insurance is not a miracle cure for any damage to a car. For example, where the damage is such that a body shop must repair it, we cannot cover this eventuality. The Scratch and Dent Insurance would allow you to get a scuff or scrape that can be repaired by a mobile repairer using the SMART repair techniques. Scuffed bumpers and trolley dings to your doors are typically the type of damage that can be claimed for on this policy.
These are just a few reasons.
For more details on Scratch and Dent Insurance, please click the following link - Scratch and Dent Cosmetic Repair Insurance for BMW.
So there you go. A range of insurance products are available for your BMW car purchase from Total Loss Gap.
If you need any further information, please call us on 0800 195 4926 or 0151 647 7556 or email us via this link - Email Total Loss Gap
* Pre-existing damage which happened before the policy purchase is not covered.
Current IPID - Key Facts for new policies Current T&C - Terms and Conditions
After World War II, BMW's factories were dismantled, and the company was banned from producing aircraft engines.
In the late 1940s, BMW began producing motorcycles again, and in the 1950s, it started making cars. In the 1960s, BMW introduced its "New Class" line of compact sedans, which helped the company establish itself as a producer of high-end luxury cars.
During the 1970s and 1980s, BMW expanded its product line, introducing the 3 Series, 5 Series, 7 Series, and M performance lines. In the 1990s, BMW acquired the Rover Group, but the venture was not as successful as BMW had planned for, and BMW eventually sold off the brands while keeping the iconic MINI.
Today, BMW remains one of the world's most forward-thinking producers of luxury vehicles and motorcycles, with factories and operations worldwide. BMW has not rested on past success; instead, it continues to push the boundaries of what we think is possible within automotive technology, focusing on sustainability and electric vehicles.
Please note we are not the official BMW provider for these products; we offer an independent source for products suitable for your car purchase and allow you to compare them with the cover provided by your dealer. Should you wish to get details regarding the official BMW products, then please refer them to your BMW dealer.