  
We Are A British Gap Insurance Specialist
GAP insurance can be bought to cover both a new
or used car providing you buy your Gap cover within 90 days of taking
deliver. You can buy your Gap insurance whether you buy the car
from a dealer or even privately. We don’t mind. To qualify
for Gap insurance the car must be valued at £50 000 or less
and have a maximum of 80 000 miles on the clock. The car must also
be under seven years old at the time cover starts.
Car Depreciation
Gap insurance is vital if you want to protect your
financial investment in your new car. You see car depreciation affects
the value of your car as soon as you drive it off the forecourt. A
new car typically looses around 20 percent of it’s value in
the first year The depreciation in a car’s first year tends
to be even steeper. A new-car owner feels the sting immediately. A
new car loses a big chunk of its value as soon as you drive it off
the lot. Here’s why... When purchasing a car, you pay the retail
price -- the price a dealer charges for a car. As soon as
you drive off the forecourt, the car is worth its wholesale price.
The wholesale price is the amount a dealer would be willing to pay
for a car should you decide to sell it back to him. According to Which?
Car magazine, over the long-term, depreciation of a new cars value
is the most damaging cost to motorists. After buying a new car, depreciation
can account for up to half of the running costs for the first three
years, claims the magazine.
Gap Insurance Is Also Called Return To Invoice Gap
Return to invoice Gap insurance would give you an
additional payment on top of your motor insurers payout should you
be involved in an accident or be unlucky enough for your car to be
stolen or vandalised. The amount of cover selected is up to you at the time you
purchase your Gap cover and could be enough to help get you a brand
new car if the worst should happen.
Why Get Gap Insurance You Ask?
Even though you have comprehensive motor insurance
you may find you lose financially if your car is stolen or written
off in an accident. This is because your insurance company will most
likely agree to 'right off' or 'scrap' your car. Their settlement
payment will then be based on the current market value or 'book value'
of your vehicle. This payment will generally be a lot lower than either
the original price you paid for your car or the balance you may still
owe under a finance agreement should you have taken finance out to
buy the car.
How Gap Insurance Really Works
This is where GAP (Return to Invoice) insurance comes in to help protect your investment:
This covers the difference between the amount your insurance company will pay and the actual price you paid for your vehicle.
A payment of up to £25,000 (Currently one of the highest payouts in UK Gap market!) could be made, which will help you replace your car
with a new car, the same, or similar to the one you have lost.
This payment is made directly to you and not the insurance company and it is up to you how the money is spend. This payment
is made on top of your insurance claim settlement and both new and used vehicles qualify.* (See terms and conditions)
Can You Buy Gap Insurance Online Right Now?
Sure you can, remember you do NOT need to accept your dealers Gap
insurance quote! Also you may well find our price is substantially
cheaper than a dealers quote. Also most dealer generally offer you
only a 14 day refund period, Click4Gap.co.uk offer you 21 days.
Payment is easy with a single payment for up to four years
cover with our GAP insurance and three years on our Vehicle
Replacement Insurance. You must also have a comprehensive motor
insurance policy in place for the whole time the cover applies.
To get a quote or to buy now simply select the appropriate button on
the right.
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