What is Alfa Romeo Financial Shortfall Insurance?

Also known as Financial Shortfall Insurance, GAP Insurance is financial protection in the event that your car is stolen or written off. As the name suggests, it bridges the gap between the value of your vehicle at the time of the theft or write-off and its original cost.

From the moment they’re bought, every new car depreciates. Standard motor insurance will provide the model’s value at that time, and this could leave drivers out of pocket. With GAP Insurance, you’ll receive enough to purchase a new like-for-like model.

When you choose an Alfa Romeo from Thames, your standard GAP Insurance (if chosen) will last for a fixed term of 36 months. It covers all new cars and the majority of approved used vehicles up to seven years old when the policy starts. You must have fully comprehensive car insurance to add GAP Insurance, and any other driver who uses your Alfa Romeo must be covered.

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