Gap Insurance
- In the United Kingdom, car crime makes up 33% all crimes committed
- Every minute, a vehicle is stolen and a third of these are not recovered
- Typically, a car will go down in value by up to 77% over 3 years
- Car insurance settlements will always be lower than the purchase price
- If your car is written off you will lose out and have to cover any short fall in funds
- Write off's are a common occurence, make sure you are protected
For Example:
| Original Cost of your car: | £20,000 |
|---|---|
| Deposit: | £2,000 |
| Amount of loan: | £18,000 |
A year later your car is stolen or is in an accident and declared a total loss.
| Amount still owing to your finance company: | £12,000 |
|---|---|
| The insurance company pays you only: | £7,000 |
| Amount of loan: | £18,000 |
The financial GAP you are left with comes to £5,000!
GAP INSURANCE PRICES FROM £79.00
Be protected from such financial worry with one of the following GAP Insurance Policies:
Contract Hire Gap Insurance
If your car is a write off such a policy will pay the difference between the amount outstanding on your finance/contract hire agreement and your car insurance payout. Using the example above it would pay £5,000
» Follow this link for details and to buy Contract Hire Gap Insurance online
Back To Invoice
If your car is a write off such a policy will pay the difference between your motor insurance payout and the original price of your car. Using the example above it would pay you £13,000
» Follow this link for details and to buy Back To Invoice Insurance online
Vehicle Replacement Insurance
If your car is a write off such a policy will cover the difference between your motor insurance payout and the cost of replacing your vehicle to the exact specification, even if the price of the new replacement car has increased.
» Follow this link for details and to buy Vehicle Replacement Insurance online
It doesn't just apply for cars either, we also offer:
Agreed Value GAP Insurance
Have you have owned your van for more than 45 days? Did you buy the vehicle privately?
Vans are often a fundmental part of any small businesses and for tradesmen, our van gap insurance will ensure you are covered if your van is written off.
Follow this link for details and to buy Van Gap Insurance
Fleet Gap Insurance
Protect your vehicle fleet against unforeseen accidents whilst on the road and as a result, against unforessen costs.
Follow this link for details and to buy Fleet Gap Insurance
Motor Home Gap Insurance
Having invested time and money in a motor home, make sure you are able to cover the cost of it if it is stolen or written off.
Follow this link for details and to buy Motor Home Gap Insurance
Motorcycle Gap Insurance
Whether you use your motorcycle for business or pleasure, don’t risk suffering a financial shortfall or a loss of your investment (if the bike is owned outright) if it is written off.
Follow this link for details and to buy Motorcycle Gap Insurance
Scooter Gap Insurance
Specifically designed for Scooters, helping younger riders avoid financial risk if it is written off.
Follow this link for details and to buy Scooter Gap Insurance
Most of us think our Comprehensive Motor Insurance covers us if our vehicle is written off... THINK AGAIN - you do need Gap Insurance.
