-
The recent Defaqto Motor Gap Insurance Star Ratings have brought the whole process of comparing Gap Insurance much easier for UK consumers. The report has carefully compared nearly one hundred of the top rated products from a range of providers, and rating them on the quality of their product features and nothing else. The... -
Are you confused by the world of Gap Insurance in the UK? Well over the last few years we have tried to unravel the complexities of this often misunderstood type of insurance, and from the messages we receive we are glad we have been of service to many. We have always been keen to point out other resources you may find useful... -
When the outgoing Financial Services Authority announced its intention to investigate the traditional motor dealer insurance ‘add on’ product sales in 2012, an inevitable focus on the market ensued. Products such as Gap Insurance, Tyre Insurance and SMART Dent and Scratch have now become a major part of the sales... -
Recent reports emanating from motor trade publications may indicate that many car dealers are still finding trading conditions difficult during the first few months of 2013. Slow growth within the UK economy, uncertainty in the job market and the tightening on lending criteria through finance institutions may all contribute to... -
So you are thinking about getting a Gap Insurance policy for your new vehicle, and trawling the internet to find out what you can about it. Of course you will find a series of statements from ‘experts’ who appear to know all about the cover and its value. You will find equal amounts of opinions who say that it... -
Finance and Contract Hire Gap Insurance has been available for many years in the UK. It is considered the basic type of Gap cover, and is specifically designed to protect between the market value settlement from your motor insurer and the outstanding finance settlement on a hire purchase or lease agreement. In other words, of... -
We recently reported that the industry experts at Defaqto have launched a new Motor Gap Insurance report for UK consumers. This report ignore the stance of other reports, such as that found in Which?, in that the premium price was not considered as a contributory factor to the comparison process. The basis of the Defaqto... -
Independent financial comparison resources are difficult to find in the UK, especially for motor Gap Insurance, however possibly an answer may just have been launched. The industry expert analysts at Defaqto have compiled a new motor gap insurance comparison tool for the leading UK providers, and it does make for interesting...
Around 600,000 vehicle are written off each year, how much can you afford to lose?
More About Our Company
If you are looking to find out all about Gap Insurance, then welcome to GapInsuranceTV!
Our humble website will look to provide you with all the information possible regarding Gap Insurance in the UK. We shall look at the different types and Shortfall Gap Insurance information, as well as the types of vehicles you can take it for. Also, and importantly, we will show you where you can buy it from to save yourself your hard earned money!
So What is Gap Insurance?
Gap Insurance, or Guaranteed Asset Protection to give it its full title, is a supplementary type of insurance for your motor vehicle. It can provide financial protection in the vent your vehicle becomes a ‘write off’. This can be by an accident or if the vehicle is stolen.
If this situation happened, your own motor insurance, even if it is ‘fully comprehensive’, may only pay you the ‘market value’ of the vehicle at the time. This may be thousands short of the original invoice price you paid, the cost of having to replace the vehicle, or even the finance settlement figure you may have to pay.
This is where Gap Insurance can step in. Your Gap policy, depending on the type of cover you have taken, can cover the ‘shortfall’ between your insurers payout and any of the figures outlined above.
Types of Gap Insurance
There are several basic types of Gap Insurance available, and you can find lots of information on each on GapInsuranceTV. Finance Gap Insurance and Contract Hire Gap Insurance is probably the most basic type of Gap cover in the UK today. This simply covers the difference between your vehicle market value and the outstanding finance settlement figure on your agreement. For Contract Hire Gap Insurance, this could mean outstanding rentals.
Return to Invoice, or RTI Gap Insurance can cover between the vehicle market value and the original invoice price you paid. This means that you can protect yourself to your original investment, whether you have paid cash or have a finance agreement on the vehicle.
Vehicle Replacement Insurance, or VRI Gap Insurance is possibly the most comprehensive level of Gap cover available. It will cover between the vehicle market value and the cost of replacing the vehicle with the equivalent model. So if you buy a brand new Ford Focus in 2011, and it is written off in 2014, then VRI Gap Insurance can return you to the cost of replacing the vehicle in 2014. This means if the cost of replacing the vehicle goes up, your VRI Gap Insurance policy can cover this for you.
We will also bring you news on all the vehicle types you can get this type of cover for. Whether you have a car, van, motorcycle, motor home, driving school vehicle or a taxi, you can find Gap cover to protect you today.
So welcome to our site, we hope you find our information useful, as well as our current Price Comparison page, bringing you the latest Gap Insurance premium prices from the leading online brokers. We can help you buy gap insurance for the best price for the best cover.
Welcome to the home of Gap Insurance in the UK!
Read MoreRecent Blog Posts
May 10, 2013 |
Not all online Vehicle Replacement Insurance products are the same, check the terms carefully!
The recent Defaqto Motor Gap Insurance Star Ratings have brought the whole process of comparing Gap Insurance...
May 5, 2013 |
Why Aequitas Automotive may be the home of ‘quality’ Gap Insurance in the UK
Are you confused by the world of Gap Insurance in the UK? Well over the last few years we have tried to unravel...
May 3, 2013 |
Will new FCA focus on motor dealer ‘add on’ products lead to change in the Gap Insurance industry?
When the outgoing Financial Services Authority announced its intention to investigate the traditional motor...
April 30, 2013 |
Motor Gap Insurance market continues to grow online
Recent reports emanating from motor trade publications may indicate that many car dealers are still finding...
April 29, 2013 |
Is Gap Insurance a total waste of money?
So you are thinking about getting a Gap Insurance policy for your new vehicle, and trawling the internet to find...
April 25, 2013 |
How you can over insure with a Finance and Contract Hire Gap Insurance policy
Finance and Contract Hire Gap Insurance has been available for many years in the UK. It is considered the basic...
April 24, 2013 |
Will the new Defaqto Motor Gap Insurance ratings see the UK market change?
We recently reported that the industry experts at Defaqto have launched a new Motor Gap Insurance report for UK...
April 22, 2013 |
New Defaqto Star Ratings comparsion for Gap Insurance in the UK
Independent financial comparison resources are difficult to find in the UK, especially for motor Gap Insurance,...
April 15, 2013 |
Motor Dealers to target Gap Insurance for increased profits as product sales rise in the UK
Motor dealers are looking to Gap Insurance to provide higher profits for vehicle sales, so say a leading motor...
April 6, 2013 |
What is a Combined Gap Insurance policy?
Many times you will see a Gap Insurance policy described as ‘combined’, ‘combo’ or...
March 24, 2013 |
GapInsurance123 crowned the UK’s cheapest for Gap Insurance by Which? review for second year running
The first Gap Insurance review conducted by Which? was published in February 2012. It highlighted that Gap...
March 19, 2013 |
Best reason given by a car salesperson for not buying Gap Insurance independently
Of course as soon as you begin to compare a Gap Insurance policy provided by a motor dealer with one that you can...