Comparing Top-Up GAP insurance
Whether you're comparing the cover features of our Top-Up GAP insurance policy with a policy available from elsewhere, or simply wanting a better understanding of our policy, the table below will help.
| Feature | Details |
|---|---|
A-Rated Insurer? |
|
ALL named drivers on your motor insurance policy, covered? |
|
NO Pre-Approval clause with penalty? |
|
Total Loss Courtesy Car available? |
Subject to an additional fee being paid.
|
Initial Cooling Off Period? |
30-days |
Pro-Rata rebate of unused premium if you cancel outsde of the initial Cooling Off Period? |
Daily Calculation |
Pays out in cash to the policyholder? |
After all parties with an interest in the vehicle have been paid (e.g. a finance company), any/all excess funds are paid directly to the policyholder leaving them free to use those funds against the cost of sourcing any vehicle from any dealership of their choice. |
| Transferable? If you sell your vehicle and have not claimed on your GAP insurance policy, can the unused portion be transferred forward on a new vehicle? |
Yes - we will update your policy with your new vehicle details. No cancellation, transfer or admin fees will apply. |
| Will pay towards your Motor Insurance excess in the event of a successful Total Loss claim? | £750 |
| Maximum age of vehicle that can be covered? | 10 years old |
| Maximum vehicle value? | £80,000 |
| Maximum Claim Limit available? | £10,000 |
| Maximum duration of cover available? | 1 Year Renewable
|
Is there a cancellation Fee if cancelled outside of the initial Cooling Off Period? |
£15.00 Waived if a new policy is purchased.
|
How long after taking delivery of the vehicle, do have to buy Top-Up GAP insurance? |
Any time
(As long as the vehicle is less than 10 years old at the start date or renewal date of the policy)
|
Allows for vehicles to be modified? |
