GAP insurance - fill in our one page form for great GAP quotes. GAP insurance covers the monetary gap between what you paid for your vehicle at purchase and what you can get back in the event of an accident claim ...
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Brian Galley on Jan 05th.
When you're looking for a GAP insurance quote, insurers will most likely want to know how your vehicle is currently insured, its current mileage and whether it is used for commercial or private use.
There are various versions of GAP cover and an insurer will help you pick the right cover for you:
Return to invoice GAP: This GAP insurance covers the difference between the invoice cost and the amount paid to you by your insurance company. This is generally used to cover very new vehicles.
Valuation GAP: This is GAP cover for a vehicle you may have owned for a few years. This covers the difference in what your vehicle is valued at when you buy car insurance and what the insurance company pays out.
Finance GAP: This is the same as Valuation GAP cover, but this also covers any outstanding finance, should it be greater than the value of your vehicle at the time of taking out a GAP policy.
Contract Hire/Leasing GAP: GAP policy taken out at the start of a finance agreement; this covers the difference between the outstanding amount owed on your agreement and what the insurance company pays out if the vehicle is written off.
2911 Beetham Tower
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