Category: Replacement Gap Insurance
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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…
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5 Tips For Buying The Best GAP insurance Policy
When you’re comparing GAP insurance, price is an obvious starting point. But two policies with similar names can work quite differently when you need to claim. The best policy for you should suit your vehicle, how you paid for it and what you want to protect. Once you’ve established that, these five checks are worth…
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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…
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GAP insurance: What’s important? #4: 30-Day Money-Back Guarantee
A Money-Back Guarantee Buy a GAP insurance policy from us and if you change your mind, you can cancel it within the first 30-days and receive a 100% refund. Find out more here: https://gapinsurance.co.uk/money-back-guarantee.asp
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GAP insurance Eligibility Criteria Changes: Effective 22/01/2019
Please be aware that if you’re considering GAP insurance, the eligibility criteria for our policies is changing effective from midnight tomorrow night (Monday January 21st 2019). From Tuesday onwards (no exceptions), the following rules will apply: In addition, as of Friday last week, it’s now no longer possible to defer the start date of a…
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One week left to buy GAP insurance policies underwritten by UK General Insurance on behalf of Great Lakes Insurance SE
Midnight on January 21st 2019 will mark the beginning of the end of our time spent working with GAP insurance policies underwritten by UK General Insurance Ltd (UKG) on behalf of Great Lakes Insurance SE. In late 2018 UKG announced that January 21st 2019 would be the last day that they’d accept new policies on…
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Has your GAP insurance underwriter gone bust?
There’s a reason that we don’t pursue the cheapest possible prices at all costs – sure, policies from A-rated insurers may well attract a higher premium but, crucially, they’ll almost certainly be there when you need them most! October 2016 – Enterprise Insurance (Gibraltar)August 2017 – Elite Insurance (Gibraltar)May 2018 – Alpha Insurance A/S (Denmark)…
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The Perils Of New-For-Old Cover. v.2
Lots of motor insurance policies claim to include cover for a brand new vehicle on a new-for-old basis during the first year of ownership. In theory this means that if your car is written off during the first year of ownership, your motor insurer will physically replace your vehicle with a brand new one. What…
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How fast do we pay GAP insurance claims?
A number of our competitors make a song and dance about how they guarantee to settle claims within X number of days… recently we’ve had a motor dealer tell one of our potential customers that we take 30-days to settle a claim – in a poor attempt to justify the hundreds of pounds more that…
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FREE GAP insurance for £824?!
We’re often telling people to be wary of a Motor Dealer offering Free GAP insurance. In return we’re often laughed at by people who believe we’re just being alarmist with a view to lining our own pockets. But it really is the case that Free GAP insurance from a Motor Dealer should be approached with…