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What is Total Loss Cover?

A costly insurance write-off could leave you out of pocket at the very time you need to pay for a new car. At PSA Finance, we understand how much of an impact this can have on your budget and wallet.

How does Total Loss Cover Insurance work?

With our Total Loss Cover insurance also commonly known as GAP Insurance, we could cover you for the gap between the market value of your car and either the original invoice price or the outstanding balance on your finance - whichever is the higher amount.

This means there is no costly payout for you, making finding a replacement vehicle much more achievable. With our Total Loss Insurance Cover, you can put the incident behind you and get on with finding your new car.

In addition, we will also provide you with a £500 payment towards any expenses you may incur whilst you are without a vehicle, for example to cover taxi fares or hire a replacement vehicle.

Contact your local dealer today to find out more.

Total Loss Cover key features & benefits

  • Total Loss Cover (GAP Insurance) is available on both new and used vehicles.
  • Financial protection ensuring that you aren't left out of pocket.
  • Covers the gap between the motor insurer's market valuation and the original invoice price of your car or the early settlement amount of your finance contract (whichever is the greater amount).
  • In the event of an approved claim, we will provide up to £350 towards your motor insurance excess and £500 towards additional expenses that you may incur.
  • Two levels of cover are available, 36 months or 48 months. If 48 months of cover are purchased, it comes with an additional 12 months of finance cover to protect you on a 60 month finance agreement.

Total Loss Cover contact details

You can make a claim on your Total Loss Cover Insurance by calling GardX on 020 3325 4630 (Telephone lines are open Monday - Friday between the hours of 9:00am - 5:30pm) or send an email to


Please speak to your dealer for full terms, conditions and limitations.

Terms & Conditions:

In months 49 to 60 you are only covered for the difference between the market value of the vehicle and the finance settlement.

Total Loss Cover is available to customers of PSA Finance UK Limited. For full cover details of Total Loss Cover please refer to the policy document or for technical queries please contact GardX Assure Limited on 020 3325 4630.

Insurer: This insurance is underwritten by Helvetia Swiss Insurance Company in Liechtenstein Ltd. Registered Office: Aeulestrasse 60 (2. Stock) 9490 Vaduz, Liechtenstein. The Insurer is authorised and regulated by the Liechtenstein Financial Market Authority and is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

Administrator: GardX Assure Limited is registered in England under company Registration Number 9339557 and is authorised and regulated by the Financial Conduct Authority, Registration Number 711212. Their registered office is at Unit 7, Clovelly Business Park, Clovelly Road, Southbourne, Emsworth, United Kingdom, PO1O 8PE.

PSA Finance UK is part of Stellantis and is responsible for arranging this product. PSA Finance UK Ltd (company registration number 01024322) registered office address is at 61 London Road, Redhill, Surrey RH1 1QA. Transactions entered into for the above-insured products are covered by the Financial Ombudsman Service dispute resolution scheme and the Financial Services Compensation Scheme.