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Guaranteed asset protection
Guaranteed Asset Protection (GAP)
In the unfortunate event that your Ford is written off or stolen and declared a total loss, your insurance company may not pay out the original purchase price of the car. This is because many comprehensive motor insurers make a payment based on the market value of the car at the time of the total loss – not on the original purchase price. Any depreciation or loss in the value that takes place after you have taken delivery of your Ford may not be covered. This is your potential loss; however you can choose between two levels of cover.
Ford Insure Invoice GAP
 
Ford Insure Invoice GAP covers the difference between your motor insurance settlement and the original price paid for the vehicle including all factory-fitted accessories and any discount given, but excluding other extras, up to the net invoice price of your vehicle*. Cover is available on all Fords, whether you paid cash or financed your car.
 
*subject to terms and conditions
  
 
If your Dealer is authorised to sell insurance please ask him for more information.
 
Ford Insure Combined GAP
 
This policy will either pay your finance company the difference between your motor insurance settlement figure and the outstanding finance early settlement balance, or pay you the difference between the net invoice price of your insured vehicle at the start date and your motor insurance company’s settlement figure. In the event of your vehicle being written off during the period of combined cover, the policy will pay out whichever of the two is greater, up to the net invoice price of your vehicle*.
 
*subject to terms and conditions
 
Guaranteed Asset Protection is underwritten by MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima which is authorised by Dirección General de Seguros y Fondos de Pensiones and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from them upon request. MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima is incorporated and registered in the Kingdom of Spain and registered as a foreign company in the United Kingdom with company number FC021974, acting through its UK branch with branch number BR008042 and whose principal office is at Alpha House, 5th Floor, 24A Lime Street, London, EC3M 7HS.

The product is administered by Abraxas Insurance Administration Services Ltd PO Box 520, Bristol, BS34 9BW, who acts on behalf of the Insurer. Abraxas Insurance Administration Services Limited is authorised and regulated by the Financial Conduct Authority with FCA number 308702. Abraxas Insurance Administration Services Limited is registered in England and Wales with company number 02928787 and whose registered office is at One Glass Wharf, Bristol, BS2 0ZX.

FCE Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority under Registration Number 204469 and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2014/065 EXP 05/03/15
 
Policy documentation

Terms and Conditions

Download a copy of our 36 month Invoice GAP Insurance Terms & Conditions

Download a copy of our 36 month Combined GAP Insurance Terms & Conditions


Guaranteed Asset Protection is underwritten by MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima which is authorised by Dirección General de Seguros y Fondos de Pensiones and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from them upon request. MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima is incorporated and registered in the Kingdom of Spain and registered as a foreign company in the United Kingdom with company number FC021974, acting through its UK branch with branch number BR008042 and whose principal office is at Alpha House, 5th Floor, 24A Lime Street, London, EC3M 7HS.

The product is administered by Abraxas Insurance Administration Services Ltd PO Box 520, Bristol, BS34 9BW, who acts on behalf of the Insurer. Abraxas Insurance Administration Services Limited is authorised and regulated by the Financial Conduct Authority with FCA number 308702. Abraxas Insurance Administration Services Limited is registered in England and Wales with company number 02928787 and whose registered office is at One Glass Wharf, Bristol, BS2 0ZX.

FCE Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority under Registration Number 204469 and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2014/065 EXP 05/03/15
 
How do I get a quote?
You can get a quote by visiting your Financial Conduct Authority (FCA) authorised participating Ford Dealer.

Who would be my Insurer/Administrator?
Your Insurer/Administrator will be MAPFRE ASISTENCIA Compania Internacional de Seguros Y Reaseguros SA/Abraxas Insurance Administration Services Ltd, PO Box 520, Bristol, BS34 9BW, and they can be contacted on telephone number 01454 616300.

How do I make a claim?
You should contact the GAP Claims Department of the Administrator (Abraxas) on telephone number 01454 616300, PRIOR to accepting your motor insurance company’s settlement figure.

Can I cancel the policy?
You have a right to cancel the policy provided you inform the Administrator. If you inform the Administrator within 30 days from the start date of the policy a full refund of any premiums paid will be given provided no claims are known or reported. If you inform the Administrator after 30 days from the start date of the policy a pro rata refund of any premium paid will be given provided no claims are known or reported. If you need to cancel your policy, please contact Abraxas Insurance Administration Services Ltd, telephone number 01454 616300. PLEASE NOTE: all cancellations made after 30 days from the Start Date are subject to a £35.00 Administration charge, which will be deducted from any pro rata refund due.

Can I pay by monthly instalments?
Yes there is an option for you to pay over 12 or 24 months.

I have a query about my GAP policy. How can I contact you?
If you have a query on your GAP policy then contact the administrator (Abraxas) on telephone number 01454 616300.

What if my motor insurance already covers me for new for old for the first year?
As our customers always have the option to change motor Insurer (and not all Insurers offer new for old) or may drive a vehicle who exact specification cannot be replicated in the event of a total loss or is a used vehicle which tends not to be eligible for new for old, we want our customers to always be covered whatever the eventuality. The cover starts when you take delivery of the vehicle and then covers you for a further 24 or 36 months for Invoice Gap and also covers you for Finance GAP for a maximum of 60 months from delivery of the vehicle.

Ask your participating Dealer for more information on this.


Guaranteed Asset Protection is underwritten by MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima which is authorised by Dirección General de Seguros y Fondos de Pensiones and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from them upon request. MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima is incorporated and registered in the Kingdom of Spain and registered as a foreign company in the United Kingdom with company number FC021974, acting through its UK branch with branch number BR008042 and whose principal office is at Alpha House, 5th Floor, 24A Lime Street, London, EC3M 7HS.

The product is administered by Abraxas Insurance Administration Services Ltd PO Box 520, Bristol, BS34 9BW, who acts on behalf of the Insurer. Abraxas Insurance Administration Services Limited is authorised and regulated by the Financial Conduct Authority with FCA number 308702. Abraxas Insurance Administration Services Limited is registered in England and Wales with company number 02928787 and whose registered office is at One Glass Wharf, Bristol, BS2 0ZX.

FCE Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority under Registration Number 204469 and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2014/065 EXP 05/03/15

Calls may be recorded and monitored.
Contact us
 
To apply for cover
For further information about our GAP product please speak to your local participating Ford Dealer.
 
To make a claim
Please call 01454 616300.

Guaranteed Asset Protection is underwritten by MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima which is authorised by Dirección General de Seguros y Fondos de Pensiones and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from them upon request. MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima is incorporated and registered in the Kingdom of Spain and registered as a foreign company in the United Kingdom with company number FC021974, acting through its UK branch with branch number BR008042 and whose principal office is at Alpha House, 5th Floor, 24A Lime Street, London, EC3M 7HS.

The product is administered by Abraxas Insurance Administration Services Ltd PO Box 520, Bristol, BS34 9BW, who acts on behalf of the Insurer. Abraxas Insurance Administration Services Limited is authorised and regulated by the Financial Conduct Authority with FCA number 308702. Abraxas Insurance Administration Services Limited is registered in England and Wales with company number 02928787 and whose registered office is at One Glass Wharf, Bristol, BS2 0ZX.

FCE Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority under Registration Number 204469 and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.

INS2014/065 EXP 05/03/15

Calls may be recorded and monitored.
 
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