If your vehicle is declared a Total Loss (written off), either from accidental damage, fire or theft (damaged to the point that repair would cost more than what the car is actually worth) a GAP Insurance policy is designed to pay the difference between what your Fully Comprehensive Motor Insurance Company would pay out and the original purchase price paid for your vehicle, according to your purchase invoice or agreed value.
It is a well known fact that motor vehicles depreciate in value over time***. For a relatively small premium against the cost of your vehicle our GAP Insurance could protect you against that loss of value in the event your vehicle is written off, i.e. declared a Total Loss.
We are 100% UK based GAP Insurance providers and never outsource any of our calls or telephony. We pride ourselves on striving to deliver the best customer service, which is why you will not have to join an automated queue when you contact our Administration Centre.
The team at www.gapinsurance.uk.net have been arranging insurance solutions for over 30 years and because we sell our insurance purely online saving a lot of admin costs, we can pass on those savings to you. Find out more about us or get in contact for more information.
**See Policy Wording for full details.
***Based on Ford Focus 1.6 TDCi H/b 5d Zetec new price £18,740 value after 3 years £9,190. Depreciation in 3 years £9,950 - Glass's Guide June 2013.
25 September 2014 - Summer shutdowns pull UK car production 20 percent lower in August - British car production fell by more than 20 percent in August because of the timing of holidays and repairs to a major plant but output so far in 2014 remains ahead of last year
04 September 2014 - Why it pays to shop around for GAP Insurance - BBC's Rip-Off Britain focused on GAP and highlighted that car buyers should check that they're not being charged over the odds for the cover
The tax disc with months left to run has long been a handy money-saving perk when buying a used car, but new rules will see that benefit axed from October when they vanish from our windscreens. And motorists need to be aware of impending tax disc changes or face a £1,000 fine as well as potential penalty charges against a car they no longer own, experts warn.