container image
Need help? Calling from a mobile please call 0151 647 7556
Lines open: Mon-Fri 9am-6pm | Bank Holiday & Sat 10am-2pm

Shortfall Gap Insurance for your Fiat

What can Shortfall Gap Insurance do for your Fiat and how can we help save you money?

Gap Insurance is just like any other form of insurance, we think it should be straightforward, black and white, and without any grey areas.

Simply put, if your Fiat is written off, your shortfall policy makes sure that you do not end up financially out of pocket. Don't forget that your own motor insurance company are only ever legally bound to pay you the value of your Fiat on the day it was written off and with current rates of depreciation, this could and often is thousand of pounds less than you originally paid.

There are 3 main levels of cover and which one is best for you and your Fiat will depend upon certain eligibility criteria, for example, how you have paid for your Fiat, how old it is, and what you are using it for. 

1. Contract Hire and Lease Gap Insurance pays the difference between your insurance companies settlement and the amount outstanding on your lease (your lease companies settlement).

2. Return to Invoice is a policy for cash or finance buyers where you have the legal right to take ownership of your Fiat at the end of your agreement. This level of cover pays the difference between your insurance company's settlement and the higher of either the original invoice price you paid or the amount outstanding on finance. In brief between your 2 insurance companies, you are given the purchase price back, from this you can clear any finance (if necessary) and the balance of the funds is yours to use as you see fit.

3. Vehicle Replacement Insurance like a Return to Invoice policy is for cash or finance buyers where you have the legal right to take ownership of your Fiat at the end of your agreement. This policy pays the higher of either the amount outstanding on finance, the original invoice price you paid, or the replacement cost of another vehicle the same as yours was on the 1st day you drove your Fiat home from your dealership. If the model of Fiat is no longer available then the settlement is based on the superseding model. Again you would need to clear any finance if necessary and the balance s yours to spend as you wish. 

At we are often credited by our customers on a regular basis for our easy-to-read simple terminology. Yes, there is some insurance terminology but where ever possible we try to keep this to a minimum.

We know that the vast majority of our customers first hear about Shortfall Insurance at their local Fiat dealership. Our policyholders tell us that they were told about Gap Insurance when they were finalizing their purchase of their Fiat and were quoted the average dealership price of £399. However, we often deal with customers who were quoted anything in the excess of £1000.

At shortfall, we believe that the price you pay for your Gap Insurance bears no reflection on the longevity, customer service, or claims record. Instead, we consider the price you pay for your shortfall policy is merely an indication of where you have purchased your policy.

Fiat is an Italian automobile manufacturer, which was founded in 1899. It is currently the world's ninth largest automaker.

Fiat is an acronym for Societa Anonima Fabbrica Italiana Automobili Torino. It is responsible for a range of subsidies including Lancia, Ferrari, Alfa Romeo, Maserati, Chrysler, Jeep and Dodge. The history of Fiat dates back to its founder Giovanni Agnelli in Turin, Italy. The company has an unusual history as it enjoyed great success from the moment of its creation in 1899.

Since 1910, it has been the largest Italian automaker. 11 years after the company was set up, it expanded its presence to America with subsidiary Fiat America. This early success allowed the company to diversify into new markets including production of trucks, trams, aircrafts, marine engines, electricity, public transportation lines, railways, steel production and commercial vehicles. The  first vehicle to bear the company's name was the 3 1/2 CV model.

During the First World War, Fiat dedicated itself to their allied war movement by providing weaponry, aircrafts and vehicles. In 1916, the company built Europe's largest factory which remarkably had a driving track on its roof to allow it to test the newly manufactured vehicles. During Mussolini's regime, the company was forced to halt exports and concentrate on domestic production.

In the 1980's, the popular Uno model was introduced, which won the car of the year award in 1995. In 2009, Fiat acquired a 30% stake in Chrysler and formed the 'global alliance'. Outside of Italy, the company's largest market is Brazil. It also has operations in Ethiopia, North Korea, China, Egypt, Bulgaria, Brazil, Argentina and Serbia.