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Gap Insurance for Motorbikes, Mopeds and Scooters
Protect Your Motorbike, Moped or Scooter with Combined Return to Invoice Gap Insurance
Owning a motorbike, moped, or scooter offers unparalleled freedom and convenience. Whether you use your two-wheeler for daily commutes, weekend adventures, or simply as a cost-effective mode of transportation, protecting your investment is crucial. One essential aspect of this protection is Guaranteed Asset Protection (GAP) insurance.
It’s important to note that not all insurance suppliers offer this specialised coverage for motorbikes, mopeds, and scooters, making it vital to understand its benefits and secure it from a reliable provider like Click4Gap.
What is Gap Insurance?
Gap Insurance is designed to cover the difference between the amount your motor insurer will pay out after a total loss and the purchase value of your vehicle, or the outstanding balance on your vehicle finance agreement.
This doesn’t take into consideration any depreciation however, which can be as much as 60% over the first 3 years.
This gap can leave you with a substantial financial burden, never mind funding the cost of a replacement vehicle.
Why Motorbikes, Mopeds, and Scooters Need Gap Insurance
Two-wheelers like motorbikes, mopeds, and scooters have unique usage patterns and risk profiles. They are often more vulnerable to accidents and theft due to their size and exposure. Here’s why Gap Insurance is particularly important for these vehicles:
- High Depreciation Rates: Motorbikes, mopeds, and scooters tend to depreciate very quickly. Gap Insurance ensures that you are not left with a large debt if your vehicle is declared a total loss by your motor insurer.
- Increased Risk of Accidents: The nature of two-wheelers makes them more susceptible to accidents, especially those that aren’t your fault. Gap Insurance provides peace of mind knowing that you are financially protected.
- Financial Stability: In the event of a total loss, the financial impact can be significant. Gap Insurance helps maintain your financial stability by covering the shortfall between the insurance payout and the purchase price of your vehicle, or the remaining balance on your finance agreement.
Not Every Supplier Covers Motorbikes, Mopeds, and Scooters
It’s important to note that Click4Gap is one of the few suppliers that offer coverage for
motorbikes, mopeds, and scooters. This specialised coverage requires an understanding of the unique risks associated with these vehicles, as well as the experience and proven track record in covering two-wheelers.
Benefits of GAP Insurance for Motorbikes, Mopeds, and Scooters
- Comprehensive Financial Protection: Gap Insurance provides a safety net that protects you from significant financial loss. This coverage ensures that you can replace your vehicle without incurring additional debt.
- Peace of Mind: Knowing that you have comprehensive coverage allows you to enjoy your ride without the constant worry of potential financial setbacks.
- Enhanced Financial Security: In the event of a total loss, Gap Insurance helps you quickly get back on the road with minimal disruption to your finances.
Why Choose Click4Gap?
- Experience with Two-Wheelers: You’ll need a provider with a proven track record in covering motorbikes, mopeds, and scooters. Our experience will ensure an understanding of the unique risks and requirements of your vehicle.
- Coverage Options: Knowing that you have comprehensive coverage allows us to focus on your needs, as a two-wheeler owner.
- Customer Service: Our excellent customer service record will provide you with responsive and knowledgeable assistance that will be delivered promptly in the event of a claim.
- Reputation: Our reputation in the industry and testimonials will give you a gauge of our reliability and service quality.
How Gap Insurance Works
Understanding how Gap Insurance works can help you make an informed decision. Here’s a step-by-step overview:
Purchase Gap Insurance: Whether you purchase your motorbike, moped or scooter outright of finance it, you can take out Click4Gap Gap Insurance from a provider that covers two-wheelers.
Total Loss Occurs: If your vehicle is stolen or involved in an accident and deemed a total loss, or it’s stolen and not recovered, your motor insurance will pay out the current market value of the vehicle.
Claiming the Shortfall: Your Click4Gap cover will make up the difference between your motor insurance payout and the purchase value of your vehicle, or the remaining balance on your finance agreement, ensuring you aren’t left with a financial shortfall.
Real-Life Scenario
Imagine one of your driving school vehicles is stolen or involved in a severe accident and is declared a total loss.
covered by your
motor insurer
Possible shortfall amount,
for your account
If you paid £16,500 cash for your car and a year or so later it’s declared a total loss, after your motor insurance pay-out you could have a shortfall of as much as £5,300. If you have Gap Insurance, this shortfall would be covered in total up to an amount of £75,000, subject to the policy terms, plus up to £1,500 for dealer-fitted accessories and £500 towards your motor insurance excess.
Click4Gap Gap insurance is an essential component of a comprehensive insurance strategy for motorbikes, mopeds, and scooters. It will provide you with financial protection, peace of mind, and ensure your business continuity in the event of a total loss. Given that not all suppliers offer this cover, you’ll be safe in the knowledge that Click4Gap will be there for you… with the right experience and expertise.
Investing in Gap Insurance is a proactive step towards safeguarding your financial future. Don’t leave yourself vulnerable to financial setbacks—secure the right coverage today and ride with confidence.
Alternatively, for more information on Gap Insurance for driving school vehicles call us on 0208 819 3424, weekdays during office hours. Our team of experts is waiting to help you find the best coverage for your needs.
