GAP Insurance

Vehicles depreciate in value from the moment they are driven off the forecourt. Many motor insurers will normally just pay out the current market value on a vehicle when it is written off, regardless of how much it originally cost to buy. Depending on how much the car cost when it was purchased and the impact depreciation has had, this could leave your customers out of pocket with a substantial shortfall to make up.

GAP Cover, or Guaranteed Asset Protection, covers your customers when their vehicle is written off by their motor insurer and there is a difference between the price they paid for that vehicle and the amount their insurer paid out.

Features of GAP Insurance Cover

Range of Indemnity

Many levels of cover for vehicle value and policy length available

Protection Overseas

Includes cover overseas for a maximum of 90 days in any period of insurance

Deferred Cover

Option to defer for a year if new for new cover is in place

Vehicle Types

Available for cars, vans, motorhomes and taxis

GAP helps to protect your investment

Car

Van

Motorhome

Taxi

Want to know more about GAP Insurance?

Call us, email us or complete the contact form.

Case Studies

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Effective & Reliable Add On Partner

GoSkippy is a consumer brand from Somerset Bridge predominantly focussed on motor insurance for private car, van and bike owners. In 2020 GoSkippy added Accidental Death and Personal Accident (ADPA) from Coplus to the portfolio.

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Ancillary Product Competitiveness

A leading personal lines insurance broker went to market to source a new partner for a portfolio of ancillary products. Price competitiveness, ease of implementation and customer value were top of their list of requirements.

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