Category: Contract Hire GAP insurance
-
The Perils of New-For-Old Cover. v.3
When it comes to purchasing GAP insurance for brand-new cars, many customers ask us whether it’s necessary, when their motor insurance policy provides new-for-old cover during the first year of ownership. This is understandable when some leading money-saving websites tell you that you don’t need GAP insurance if you have new-for-old cover – but it’s…
-
Announcing: GAP insurance with extra TLC c
Would you be able to manage without your pride and joy if it was stolen or written off? Maybe for a few days, perhaps, but could you cope for longer than that and how can GAP insurance help? If your car is involved in an incident, it’s likely (though not certain) that your motor insurer…
-
GAP insurance for your new car: How much will you save?
We ask all our customers how much their motor dealer quoted them for GAP insurance when they bought their new (or used) car. Here we compare average 3-year Invoice GAP insurance prices in 2022 so far.
-
GAP insurance Eligibility Criteria Changes: Effective 01/04/2021
From April 1st, 2021 (no exceptions), the following eligibility criteria will apply for our GAP insurance policies: Invoice GAP insurance: available for: See additional eligibility criteria here. Replacement GAP insurance: available for: See additional eligibility criteria here. Contract Hire GAP insurance: available for: See additional eligibility criteria here. Top-Up GAP insurance: available for a car:…
-
Is GAP insurance worthwhile?
In 2020, our customers saved an average of £237 buying GAP insurance from us instead of from their motor dealer. One customer saved a staggering £1,663! 59% of all claims were due to accidents whilst 35% were to due to the vehicle having been stolen. Is GAP insurance worthwhile? At an average cost of £180…
-
Considering GAP insurance from your motor dealer? STOP!
One of the most stressful things about buying a car from a dealership is knowing that the salesperson is going to try to sell you every add-on under the sun, including paint protection, scratch & dent insurance, tyre & alloy wheel cover, a service plan and, of course, GAP insurance. By the time you emerge…
-
Is your GAP insurance policy going to be cancelled on August 29th?
GAP insurance policies sold by our competitor Warranty Direct and underwritten by LAMP insurance are to be cancelled on August 29th!
-
Another one (unrated, offshore GAP insurer) bites the dust?
The reason we don’t pursue the cheapest possible GAP insurance prices from offshore, unrated underwriters (they eventually go bust) just got reinforced that little bit more. Following hot on the heels of Qudos Insurance A/S in Denmark going to the wall in late 2018 (which itself followed Alpha Insurance A/S (Denmark), Elite Insurance (Gibraltar) and…
-
5 Tips For Buying The Best GAP insurance Policy
#1 – Choose an A-Rated insurer FOUR unrated underwriters of GAP insurance have gone bust since 2016. If you buy GAP insurance backed by an unrated insurer, there’s an increased chance of you being left without cover, when it’s too late to source cover from any other provider. More details here: https://gapinsurance.co.uk/blog/index.php/2019/02/27/gap-insurance-whats-important-1/ #2 – Choose…
-
GAP insurance: What’s important? #5: NO Market Value Clauses
Avoid “Market Value” Clauses If your car is written off and your motor insurer pays you less than what the GAP insurer believes your car to be worth, a Market Value clause within the GAP insurance policy terms would allow the GAP insurer to avoid paying you the amount by which they believe your motor…