There are lots of information on the internet about what gap insurance is and how it works, though it can be confusing.
A question that we are constantly asked is which gap insurance claim limit do you need? This is not an easy question to answer the reason being that the gap insurance claim limit you will need will depend upon the type of cove...
When it comes to Shortfall gap insurance or any insurance for that matter it is important to understand how your policy works.
Gap Insurance is designed to supplement your comprehensive insurance and protect you against any financial loss, if in the unfortunate case your car, motorbike, van, motor home is written off. Return to Invoice Gap Insurance in theory protects the invoice price you paid for your vehicle.
If you are buying a car on a form of contract hire where you can never own the car at he end of the period why do you need to think about protecting your car with a form of contract hire gap insurance?
What is gap insurance and why should you think about protecting yourself with a level of cover? Did you know that an estimated 600,000 vehicles are written off in the UK each year? Did you know that without any protection you will have to deal with any financial ramifications on your own?
What are the advantages of buying gap insurance and supplementary insurance direct for a supplier instead of your dealership? Is the difference just the price or are there other benefits?
A claim limit is the maximum amount you can claim from your Gap Insurance policy. It is chosen by you when taking out your policy
Gap Insurance is designed to supplement your comprehensive insurance and protect you against any financial loss, if in the unfortunate case your car, motorbike, van, motor home is written off.
If your local dealership has just offered you a version of Shortfall Gap Cover you may be surprised to know that the national average is £395.00 for just a three-year policy.