Buying a '16 plate car or bought a car in the past year? Do you have GAP insurance?
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    Join Date
    Jun 2014
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    Holmfirth
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    Buying a '16 plate car or bought a car in the past year? Do you have GAP insurance?

    If you've bought a car in the last 12 months or are buying a new '16 plate car in the coming days & weeks, you need to consider GAP insurance.

    In the event that your vehicle is written off as a result accident, fire, theft, flood etc, your Motor Insurer will only pay you what they deem the vehicle to have been worth at the time of loss. GAP insurance steps in as follows:

    Invoice GAP Insurance (See here)

    Aims to pay the difference between your Motor Insurance payout and the greater of either:


    1. The amount outstanding on finance at the time of claim (f any), OR
    2. The original invoice price that you paid for the vehicle.


    Replacement GAP Insurance (See here)

    Aims to pay the difference between your Motor Insurance payout and the greater of either:


    1. The amount outstanding on finance at the time of claim (f any), OR
    2. The original invoice price that you paid for the vehicle, OR
    3. What it would cost at the time of claim to replace your vehicle with a brand new (assuming you bought the vehicle brand new) version of the same (or nearest equivalent) vehicle at the time of claim - even if the replacement vehicle costs more than you bought the vehicle for first time around.


    Our Prices:

    Our prices are up to 85% cheaper than those of a Motor Dealer AND XFForum members get a further 10% discount!

    Cover Features:


    • Available for new or used cars bought up to 12 months ago
    • Available for cars bought for up to £150,000
    • Claim Limits of up to £100,000 available
    • Durations of 1, 2, 3, 4 or 5 year
    • Defer the start date (1-4 year policies only) by up to 1 year if you have New-For-Old cover with your Motor Insurer (though read this first)
    • No Cancellation / Transfer or Admin Fees if you need to make changes to or cancel your policy
    • Daily pro-rata rebates if you cancel your policy early
    • Upon expiry policies can be renewed for a further either 12 or 24 months
    • Invoice or (superior) Replacement GAP insurance available for both new and used cars
    • Replacement GAP insurance with "Invoice Price Protection" (in case the replacement price of the vehicle has fallen by the time of claim)
    • Cash payouts (we won't force you to spend the amount paid out on any particular vehicle from any particular dealership)


    See: www.gapinsurance.co.uk or call 01943 850999 for more details.
    Last edited by GAPInsure; 02-03-16 at 11:40.

 

 

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