Gap Insurance

Vehicle values obviously deteriorate as they get older.  Therefore, so does your payout from your insurance company should you be unfortunate enough to have your vehicle stolen, or be written off in an accident or by fire.

Example: a £10,000 purchase that is written off two and a half years later in an accident may then only be worth £5,000.  This leaves you £5,000 out of pocket.  You're expected to replace your pride and joy with half the money you paid for it those 30 months ago.  Good luck!

'Back to Invoice' Gap Insurance is designed to cover this shortfall, and will cough up the difference between the invoice (purchase) price and the insurers write-off valuation.  So, in this instance if you had purchased Gap Insurance, you'd receive £5,000 from your vehicle insurers and £5,000 from the Gap Insurance policy - leaving you with £10,000 to spend on a new car.

Sounds expensive?  It can be.  We have heard of instances where clients have been charged over £400.00 for this cover from a motor dealer.  This includes a huge commission payable to the dealership - so that deal you negotiated on the price of your new car isn't actually much of a deal, is it?  You wouldn't buy tyres from your insurance broker - so why buy insurance from a garage?

We have various options available and our prices start as low as: 

• £195.00 for 3 year 'Back to Invoice' Gap.
• £150.00 for 5 year 'Finance' Gap.
• £145.00 for 4 year 'Lease' Gap.
• £200.00 for 5 year 'Taxi Finance Gap'.
• £250.00 for a 3 year 'Taxi Back to Invoice' Gap.

There are various options available to suit your requirements.  Browse through them by clicking on the links above.