GAP Insurance covers you should your car be involved in an accident or theft where an insurance company pays out to you, what the car was worth at the point of settlement, it won’t give you the additional to go and buy the car again.
GAP insurance covers the GAP between the settlement figure and the purchase price, it enables you to go and buy the same car again or repay your existing finance agreement.
GAP stands for Guaranteed Asset Protection and is available from our partners using the link below.
Top 5 Reasons Why We Recommend Motoreasy
Gap Insurance Questions
Cars less than 10 years old and with less than 100k miles are elgible for a GAP Insurance policy with Motoreasy.
The insured value must be less than £75,000 although higher value cars can be quoted on.
All vehicles must be listed to UK specification and must not be modified.
Whether or not you should opt for GAP insurance, will depend on your circumstances. Many people take the policies out and never use them, but for those who have had to use them to make a claim, they have been invaluable.
It will be a big benefit if you are financing or leasing a vehicle as it can cover a short fall between the insurance settlement and the finance settlement.
The costs of GAP insurance can vary from vehicle-to-vehicle and the type of policy that you take out.
Buy going direct to Motoreasy, you will save a lot of money when compared with taking a policy out with a dealer.