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We pride ourselves on our first class service, finding a personal insurance solution that meets your needs.
As an insurance broker, we have access to a large panel of insurers and are able to provide cover for multiple areas such as home, car, travel and more.
Our comprehensive knowledge of different fields of insurance means we aim to find you the cover that you require with the ease of having your insurance under one roof
The Needham Group’s Brokers can arrange GAP Insurance for Personal and Business use vehicles.
Gap insurance offers financial cover for any difference between the value of the vehicle and the balance still owed on the financing in the event of an accident.
GAP insurance offers financial support in the event that your vehicle is a total loss for an insured event. Usually, covering the difference between the value of the vehicle and the balance that’s still owed on the finance.
The moment that you drive your new car off the forecourt it will drop in value and continue to lose value over time, therefore your insurance may pay out less than you originally paid for it.
According to the Association of British Insurer’s over 500,000 vehicles are written off every year; that equates to 57 vehicles every hour!
In the majority of write offs, the owner of the vehicle will either lose or owe money; the amount can be substantial. Gap insurance is available to provide a low-cost protection against these risks.
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Gap insurance covers a shortfall that you still owe on any finance that is owed when the car is written off due to an insured event. As a result of an accident or theft of the vehicle, enabling you to replace the vehicle at the market value without being financially inconvenienced.
A typical example cover is outlined below :
Finance owed on vehicle when stolen – £16,000
Current value of the car – £12,000
Gap insurance will pay £4,000 to fulfil the difference in value.
Gap insurance can be purchased for 2, 3, 4 or 5 years. Gap policies ensures that you will get the financial cost for the purchased price against the value that the insurers value your car at the time of the theft or write off due to an accident.
Gap insurances end when the policy expires, so no they cannot be renewed. Remember that cover can be purchased over 2, 3, 4 or 5 years, so it is paramount that you choose the right period of cover when you take out the policy.
Very few make and models that are exempt from having Gap Insurance, however we will advise you if any of your vehicles fall into this category.
Also usually cars that were purchased 6 months ago will not be eligible for GAP cover. Some providers allow within 12 months however, we’re more than happy to search the market and let you know.
A write off is referred to as a total loss, either severely damaged as a result of an accident, fire or theft, whereby the motor insurer agrees to pay the owner its market value.
There is no excess applied to Gap Insurance policies.
Cover can be provided for different levels of benefit and duration of cover.
An annual insurance review is one of the most effective ways to check if your current cover remains aligned with your business’ needs. Over the course of a year, organisations may expand services, purchase new equipment, hire staff, relocate premises or adopt new technologies. Regulatory requirements may also shift. Without
As the warmth of spring approaches, its easy to forget the damage that harsh winter may have done to your house. A bit of spring maintenance now can help to prevent costly repair bills later. Inspect your roof Repair any damage caused by ice or wind damage to prevent leaks
At the end of December 2025, The Needham Group acquired Black Lion Broking Services. Black Lion Broking Services was founded in 2016 and is owned by Simon Church and Lee Walstow, both of who will remain in leadership roles following the acquisition. Based in Weybridge, Black Lion will remain in
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