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10% off Gap Insurance

10% Discount


GAP Insurance is an insurance that steps in to cover the shortfall in the payout from your Motor Insurer in the event that your vehicle is written off.

If, as a result of accident, fire, theft or flood, your Motor Insurance company declare your vehicle to be a Total Loss (they “write it off”) they will pay you the Market Value of the vehicle at the time of the incident which led to the Total Loss claim. This “Market Value” payout could be considerably lower, than either the original price you bought your vehicle for, or if you originally bought a brand new vehicle, the cost of replacing the vehicle with a new one at the time of claim or, if your vehicle was the subject of a Contract Hire agreement, it could be lower than the amount you’d need to pay to settle the remaining balance due under the agreement.

GAP Insurance pays the difference between your Motor Insurance payout and either: the original price you bought the vehicle for (Invoice GAP Insurance); the cost of replacing the vehicle with a “new” equivalent at the time of loss (Replacement GAP Insurance); or the amount required to settle the remaining balance of your Contract Hire agreement (Contract Hire GAP insurance).

Pricing

Fixed: 10% off
Pricing model: Discount

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Benefits

  • Covers the shortfall in the payout from your Insurer if your vehicle is written off
  • 10% off with Autoserve Club membership
  • Average claim payout of £6,355.54
  • Financial Services Compensation Scheme Protection.

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Feedback

Read genuine feedback from members who have purchased and used this product:

Excellent customer service, problems sorted first time, would recommend!
Kirsty JamesKirsty James
Just bought a GAP insurance policy. Much cheaper than the main dealer.
Phil LloydPhil Lloyd
Pleased to find cover both cheaper than rates quoted by main dealer and also with flexible options over term, excess, cover too.
Ed BashforthEd Bashforth
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FAQ

What is Gap Insurance ?

GAP Insurance is an insurance that steps in to cover the shortfall in the payout from your Motor Insurer in the event that your vehicle is written off.

What is Invoice GAP Insurance?

Invoice GAP insurance is the most commonly purchased type of GAP insurance in the UK today (if not only because it’s usually the highest level of cover offered by Motor Dealers). It’s a combination of both Finance GAP and Invoice GAP, thereby providing the best of both cover types. In the event of your vehicle being declared a Total Loss (written off) through accident, fire, theft, or flood, Invoice GAP insurance aims to pay the difference between your Motor Insurance payout and THE GREATER OF either:

  • The amount (if any) outstanding on finance at the time of claim EXCLUDING any Negative Equity brought forward from a previous vehicle (unless the optional “Negative Equity Cover” was purchased), OR
  • The ORIGINAL PURCHASE PRICE that you paid for your vehicle first time around.

What is Replacement GAP Insurance?

Replacement GAP insurance is the highest level of GAP insurance cover available today. It’s a combination of the three main types of GAP insurance: Finance GAP insurance, Invoice GAP insurance and Replacement GAP insurance – which means it provides the best of all cover levels. In the event of your vehicle being declared a Total Loss (written off) through accident, fire, theft, or flood, Replacement GAP insurance aims to pay the difference between your Motor Insurance payout and THE GREATER OF either:

  • The amount (if any) outstanding on finance at the time of claim EXCLUDING any Negative Equity brought forward from a previous vehicle (unless the optional “Negative Equity Cover” was purchased), OR
  • The ORIGINAL PURCHASE PRICE that you paid for your vehicle first time around, OR
  • The cost of REPLACING YOUR VEHICLE with one of the same Make, Model, Age, Specification and Mileage (or nearest equivalent) as your original vehicle was when you first bought it – even if the replacement vehicle cost is MORE than you bought the vehicle for first time around.

What is Contract Hire GAP insurance?

If your vehicle is the subject of a Contract Hire / Lease agreement and is declared a Total Loss (written off) through accident, fire, theft or flood your Motor Insurer will pay out only what they think your vehicle is worth at the time of claim. In the meantime your finance company will have calculated their settlement figure which, would normally be a combination of some or all of the following:
  • The amount that the finance company think your vehicle was worth at the time of loss
  • The sum of anything up to 100% of the as yet unpaid rentals under your Contract Hire agreement at the time of loss.
  • Administration & or penalty fees for wrapping up the agreement early.
  • In addition, for a small additional premium, you can also choose to cover up to £3,000 of the initial rental you paid as part of your Contract Hire agreement, meaning that you’d be reimbursed some or all of your initial rental for you to use against the cost of setting up a new Contract Hire agreement on a replacement vehicle.
  • Your Motor Insurance payout might well fall short of this figure. If it does your finance company might hold you liable for anything up to 100% of the shortfall and this where Contract Hire GAP insurance steps in… to pay the difference between your Motor Insurance payout and the amount required to settle the remaining balance of your Contract Hire agreement.
  • 8.7 Total Score
    How does this offer rate?

    Here is the total score for the offer based on customer reviews. Below is how the offer rates in the different areas for which it can be rated, including the customer experience at the offer website.

    Good Price
    8.7
    Good Saving
    8.7
    Supplier Website
    8.7
    Supplier Service
    8.7
    PROS
    • Peace of mind insurance
    • UK market leading provider
    • Good claims handling reviews
    User Rating: 5 (1 votes)

    In late 2003, whilst working for a popular online Car Dealer, David (founder of GAPinsurance.co.uk) was tasked with creating a website from which they could sell GAP insurance to the customers who they sold cars to. Spotting a gap in the market (no pun intended) he soon set about forming his own company that would become the UK's first dedicated online provider of GAP insurance, from which the UK's car-buying public could buy GAP insurance regardless as to from where they'd bought their cars. He named that company "Surf and Protect" and in March 2004, SurfandProtect.com was born.

    Shortly afterwards "GAPinsurance.co.uk" was set up as a trading style of Surf and Protect and the company grew from strength to strength until, in mid 2009, with the company well established as the largest online broker of GAP insurance of the time, he sold the business and emigrated to live in New Zealand, becoming a full-time stay-at-home Dad to his two (which soon became three) young boys, in the process.

    GAPinsurance.co.uk as we know it today formally relaunched in May 2012 with David acting as consultant. By late 2012 there was a pressing need for David to take on a more hands-on role and so, in December 2012 he and his family returned to the UK and together, David and Andrew set about developing GAPinsurance.co.uk proper.

    Since then, GAPinsurance.co.uk has gone from strength to considerable strength, smashing all previous records year on year and demonstrating an almost unrivalled dedication to customer satisfaction through championing the consumer and making waves that the industry has had no choice but to sit up and pay attention to.

    GAPinsurance.co.uk is a trading style of Pickles & Burns Ltd, an Appointed Representative of Frank Pickles (Insurance Brokers) Ltd which is Authorised and Regulated by the Financial Conduct Authority (FCA No. 305297). You can check this on the FCA Register by visiting: https://register.fca.org.uk

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