Customer Service Lines Open Mon-Fri 9am-6pm
[ Contact Us ]
Need Help? Calling from a mobile please call 0151 647 7556
0800 195 4926Do you have a question? or need help?
Customer Service Lines Open Mon-Fri 9am-6pm, Closed Saturday & Sunday
We can provide peace of mind with three levels of (guaranteed asset protection) gap insurance for your BMW, depending on its age, mileage, and funding method of purchase. For example, did you buy a brand-new BMW or a used BMW? Did you pay for your BMW using a form of Hire Purchase or personal contract hire, or was it a lease or contract hire agreement?
We have offered BMW owners peace of mind protection for over a decade, and our BMW Gap Insurance policies are feature-packed and have all the regulatory backing you would expect from a UK-based insurer.
Insurance products with all this, plus 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 buy your BMW gap insurance has to be with Total Loss Gap.
BMWs attract attention, and some would say that they are the ultimate symbol of a driver's car. BMWs are known to be some of the world's finest cars and unfortunately, the attention they attract is not always welcome.
So what would happen if your BMW was stolen?
What would happen if your BMW was involved in a fire or accident in the future that leads to the motor insurer declaring the car a 'total loss' or 'write-off'?
What is the best way to make sure you are financially protected? Is a BMW gap insurance cover bought directly from your dealership the best option?
Are you being offered the best price available for your BMW gap cover, or do you have alternatives?
If you consider a BMW Gap Insurance policy from TLG, you have several options depending on how you paid for it and what you will use it for. Our policies offer you protection and peace of mind, knowing that you will never be left paying for something you no longer have and will not have to face the potential financial burden alone.
N.B. Most fully comprehensive motor insurers are only legally obliged to offer you the market value for your BMW at the point of loss, not the price you paid.
(this can be different if you are buying a brand new BMW and your motor insurance offers new for old within the first 12 months of ownership)
Depending upon the level of cover you choose, your BMW Gap Insurance policy from TLG can cover the difference between the motor insurer's market value settlement at the time of loss
The bonus is that if your BMW has a purchase price of less than £75,000, our policy has no upper 'claim limit' to cover the difference required, giving you complete peace of mind. 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 insurer settlement.
Our BMW Gap Insurance policies are designed to provide the best outcome and remove the initial guesswork when buying a policy.
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 gap cover is best for me?' Unfortunately, it depends on several factors:
BMW Contract Hire Gap Insurance from TLG
BMW Finance Gap Insurance from Total Loss pays the difference between your insurance company's market value settlement and the amount outstanding on your lease.
Total Loss IPID From June 2024 Total Loss Contract Hire From June 2024
BMW Combined Return to Invoice Gap Insurance from TLG
BMW Combined Return to Invoice Gap Insurance from TLG - Pays the difference between your insurance company market value settlement on the day it was declared a write-off and the higher of either
Total Loss IPID From June 2024 Total Loss Return to Invoice From June 2024
BMW Vehicle Replacement Gap Insurance from TLG
BMW Vehicle replacement Gap insurance from Total Loss- pays the difference between your insurance company's market value of your BMW on the day it was declared a total loss and the higher of either.
Total Loss IPID From June 2024 Total Loss VRI GAP From June 2024
The quickest way to determine which level of BMW gap Insurance from TLG is best for you 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.
No BMW owner wants to consider their BMW a depreciating asset, but it is. Over time, your BMW, new or used, will lose value. While that may not be an issue when you still have your BMW to use, it can become a massive problem if your BMW is written off. At this point, the amount your motor insurance company offer you as a market value settlement can be extremely important.
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.
Can you buy a BMW Gap Insurance policy from Total Loss Gap?
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 BMW Gap Insurance policy from Total Loss Gap,
Please see the policy documents above for a full list of terms and conditions.
We can also offer other insurance products to help protect your BMW and keep it in showroom condition.
How much will a BMW Gap Insurance quote from Total Loss cost?
The cost of your BMW Gap Insurance from TLG is not fixed. It's designed to be flexible, depending on the level of coverage you choose and the duration you wish to protect your car.
It will also depend on your BMW's purchase price. Naturally, you would expect to pay more for a five-year vehicle replacement gap insurance policy for a new BMW costing over £80,000 than a two-year contract hire policy for a used or pre-registered BMW 1 series.
The quickest way to get an accurate quote from us is to click for an instant quote. Our automated system or team member, if you call, will ask you about you and your BMW. Our system will automatically discount levels of coverage you can not benefit from and showcase ones to consider.
How long will BMW Gap insurance from TLG last?
You can choose between 2 or 5 years of gap insurance (a maximum of 4 years of contract hire gap insurance). Our systems will adjust the premium price so that the cost shown online is the full cost for the full period of time.
Is BMW gap insurance from TLG worth it?
We are often asked this question, and it is really only you who can decide. After all, if you do not have any form of BMW gap insurance from us or another gap insurance provider if your BMW is written off, you will have to deal with an unexpected financial fallout.
Why is BMW Gap Insurance less expensive online?
There are two reasons why buying a form of BMW Gap insurance online will generally be less expensive.
So, the price you pay does not reflect the level of coverage, how good or bad the claims procedures are, or even the level of service you can expect when you need to make a claim. Instead, it is taxation and buying power.
Does a BMW Gap insurance Policy from you cover theft?
Yes, as long as your own motor insurance company decides that you have a valid claim and are happy to settle your claim, your BMW Gap insurance policy from TLGcovers theft of your BMW.
A Brief Introduction to the History of BMW
After World War 11, the automobile industry superpower 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 brand new 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 to make some of the world's finest cars.
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.