BIBA
GeoTrust Secured

Buy Gap Insurance and Protect Your Investment With 1-2-3!

Need Help? Calling from a mobile please call 0151 647 7556
0800 195 4926
Lines open: Mon-Fri: 9am - 6pm | Sat: 10am - 2pm
Gap Insurance
Do you want to buy Gap Insurance?

Do you need assistance to understand how Gap cover could work for you? Are looking for the best Gap Insurance quote?
It's as easy as 1-2-3! Click for a quote or call on 0800 195 4926 today!
UK Based Claims & Customer Service

UK Based Claims & Customer Service

Underwritten by an

Underwritten by an "A" Rated Insurer

Protected by theFSCS

Protected by the
FSCS

Upto 75% cheaper than competitors

Upto 75% cheaper than competitors

Based on 10,911 Genuine Testimonials

Based on 10,911 Genuine Testimonials

Recent policy additions for GapInsurance123
February 8, 2016
The Gap Insurance market has seen enormous changes in the last few years, no doubt influenced by a a strong independent marketplace. This means that new policy features can become necessary as a need is identified for consumers, and we have already tried to maintain a position at the forefront of the market.

With this in mind we have introduced two new features to our GapInsurance123 policies.

1 - Deposit Cover - we have seen a huge increase in personal contract hire agreements in the UK. These allow for a fixed term rental with the vehicle then being returned to the leasing company. They may also require a a sizeable advanced rental to be paid at the start of the agreement. With the option we now provide for 'deposit cover', you can cover up to £2000 of any advanced payment for a one off additional cost.

The Deposit cover can also be used for hire purchase agreements, but we would urge you to look at a Combined RTI policy if you have the option to own the vehicle.

2 - Negative Equity Cover - this again is a new additional option, and is designed to cover 'negative equity' when it is brought over from a previous finance agreement. For example, if you buy a new car for £15,000 and you part exchange an old vehicle worth £5000 with £6500 owing on finance, then you have £1500 negative equity. If the dealer adds the negative equity to the finance for the new car, then you could end up with a loan for £16500.

With the new option for 'Negative Equity' we provide the opportunity for cover up to £2000 of negative equity carried over from the previous finance agreement.

Both these policies are most suitable for a Finance and Contract Hire Gap policy. Please feel free to contact our Customer Services Team to discuss in more detail.


Comments

No Comments


Add a commment
Name:
Email:
*your email will not be displayed.
Comment:
You can pay using Visa Credit, Visa Debit Visa Electron, Mastercard or PayPal