gap insurance

When can vehicle replacement GAP cover come in handy?

When can vehicle replacement GAP cover come in handy?

If you only have standard motor insurance and your car needs to be written off or is stolen, you may be disappointed after receiving your payout if you were hoping to buy a new car. This is because most insurers will only pay you the current market value of your totalled vehicle and unfortunately, a car’s value decreases at an astonishing rate.…

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Is it worth getting return to invoice GAP insurance?

Is it worth getting return to invoice GAP insurance?

Return to invoice GAP insurance or RTI GAP insurance for short, is a kind of cover that offers drivers a way of seeing more money returned when their vehicle is written off.…

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How does gap insurance work?

How does gap insurance work?

Guaranteed Asset Protection (GAP) insurance will cover the difference between the amount that your insurer pays out and the price that you paid for your vehicle if it is ever stolen or written off. Gap insurance protects you from finding yourself at a loss when you buy a new car and gives you an extra layer of protection in case of an emergency.…

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Is gap insurance actually necessary?

Is gap insurance actually necessary?

Insurance can be a considerable expense, but in many cases it's truly necessary. That means you need to prioritise your insurance expenditure, to make sure you have the proper amount of cover. Gap insurance is growing in popularity, as it offers you a compelling way to stop yourself losing money in the event of a claim - but is it actually necessary?…

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The car insurance you didn't know you need

The car insurance you didn't know you need

When it comes to purchasing car insurance, chances are you've heard of third-party fire and theft and comprehensive car insurance. However, a lesser-known product to the vehicle insurance market is GAP insurance.…

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What is gap insurance and who can benefit from it?

What is gap insurance and who can benefit from it?

When you buy a new car, you will be offered all kinds of optional extras and protections. Some of these are more important than others. Gap insurance is one of the lesser-known forms of car insurance in the UK, but it is something every driver should be aware of.…

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Is Gap Insurance a good investment?

Is Gap Insurance a good investment?

GAP insurance is an addition to your insurance premium, and though it's an affordable one many drivers wonder if it's worth it. A large portion of drivers resent the cost of their regular insurance premiums, why would you want to add another cost on top of that? The reality is, however, that GAP insurance has a lot to offer drivers who are willing to invest.…

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What you need to know about writing off a car

What you need to know about writing off a car

When you hear someone has been in a car crash, your first thought is of their state of health. 'Are they OK?' you ask. The idea of your loved ones being in an accident is frightening and the state of their vehicle will not be your first concern. When you know they are fine, the next thought you have is for the car. Then you hear the words, 'it's a write-off.'…

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Gap Insurance for Second-Hand Cars - When would you need it?

Gap Insurance for Second-Hand Cars - When would you need it?

Emerging as an essential tool for car owners, Gap Insurance covers a number of vehicle ownership areas that aren't typically considered. However, while it may be simple for new car owners, those purchasing a second-hand car may well be unsure of the value of Gap Insurance.…

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What are the different types of GAP Insurance and how do they protect drivers?

What are the different types of GAP Insurance and how do they protect drivers?

Guaranteed Asset Protection, most commonly known as GAP insurance, is a financial insurance product you often take out when you purchase a brand new car. It is designed to protect you in case your car is stolen or written off and works to cover the price difference between the amount your insurer pays and how much you paid for it yourself. This means that while it won't directly replace your car (depending on the insurance you opt for), it will ensure that you have the amount you need to clear your debt from the car you had and to purchase a replacement of the same model and make, should you wish to do so.…

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