GAP DEPRECIATION INSURANCE 

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Car Depreciation Insurance is also known as GAP insurance. Gap Deprecation Insurance provides protection against car depreciation. It works sort of like a top-up to your vehicle insurance. With standard car insurance will pay out if your car is written off or stolen. However, the figure an insurance provider will use to determine how much they will pay is based on the current value of your car and not how much it was when you brought it. Gap Deprecation Insurance essentially fills in the gap to make sure you will not lose money should you have to make a claim. The exact amount you will pay for this kind of insurance depends on a number of factors. Choose a policy where you can tailor it to suit you and your insurance needs.

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If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERTYPE

TYPE

Broker or Provider

VEHICLE INFO

VEHICLE INFO

Which type of vehicle you can insure

DRIVER INFO

DRIVER INFO

Driver information necessary

POLICY

POLICY

Details of the insurance policy

COST

COST

Cost of policy

EXCESS

EXCESS

An excess is a payment you have to make if you decide to claim on your policy

COVER

COVER

Details of cover available

METHODS

METHODS

Application methods available

SUITABLE

SUITABLE

Who insurance is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions for applicants

MORE INFO

Reduce my Excess
Reduce my Excess

ProviderCarsUK driversReduce my ExcessGet a quoteAsk on applicationType

Cover Type

Car hire insurance


Level

Cover Level

Ask on applicatiopn


Detail

Cover Detail

To reduce excess of hired cars

OnlineSuitable For

Suitable For

Hired vehicles

Restrictions

Restrictions

Only UK drivers

Reduce my Excess
The Car Hire Excess Reimbursement Insurance may be purchased any time before the collection of a car hire vehicle and is usually far cheaper than the car hire company's own policy. As well as short trips, annual European or Worldwide policies are also available for customers who frequently hire vehicles for less than 31 days, which can be even more cost-effective at either £39.99 or £49.99 per annum! DETAIL INFORMATION >>Services

Services

Online quote


Advantages

Advantages

1. Large range of cover 

2. Easy online quote and buy


Disadvantages

Disadvantages

Cover doesn't include motor homes, trailers or caravans, vans, trucks

Ala.co.uk
Ala.co.uk

BrokerCar, Van, Motorcycle, Scooter, FleetAll driversContract Hire, Back To Invoice, Vehicle ReplacementAvailable at £74.00 per monthAdvised prior to purchaseType

Cover Type

Depreciation


Level

Cover Level

Depreciation


Detail

Cover Detail

Contract Hire Back
In the event of a write off this will pay the difference between your motor insurance payout and the amount outstanding on your finance/contract hire agreement
 
Back To Invoice
In the event of a write off this will pay the difference between your motor insurance payout and the original price of your car
 
Vehicle Replacement Insurance
In the event of a write off this will cover the difference between your motor insurance payout and the cost of replacing your vehicle to the exact specification, even if the price of the new replacement car has increased.

OnlineSuitable For

Suitable For

Gap insurance for cars, vans, motorcycles and scooters

Restrictions

Restrictions

Unable to offer you GAP Insurance if you have owned / leased your vehicle for more than 45 days

Ala.co.uk
Ala.co.uk provide you with Gap Insurance to protect you if you write off your vehicle. You have the choice to buy from one of four policies including; Contract Hire GAP Insurance, Back To Invoice, Return to invoice, and Vehicle Replacement Insurance. Ala.co.uk state that if you are able to find cheaper GAP Insurance elsewhere for a comparable product, they guarantee to beat the price by 20% of the difference! Please remember that insurance policies vary and it is important to read the terms and conditions before you purchase anything to ensure that you are covered. DETAIL INFORMATION >>Services

Services

Gap insurance to protect you if you write off your vehicle.


Advantages

Advantages

1. 75% cheaper than any dealer quotation.
2. If you are able to find cheaper GAP Insurance elsewhere for a comparable product, they guarantee to beat the price by 20% of the difference.
3. All claims settled within 48 hours of the vehicle being declared a Total Loss


Disadvantages

Disadvantages

1. You need to apply to receive additional information

Click4Gap
Click4Gap

BrokerSee website for details All driversRTV, RTI, VRIDependent on ProductAsk on applicationType

Cover Type

Depreciation


Level

Cover Level

Depreciation


Detail

Cover Detail

Return To Value Gap Insurance (RTV)
Pays shortfall between motor insurers settlement and value of car today
1. Suitable for the majority of car owners
2. Get back the Value of your car
3. Added Protection
 
Return To Invoice Gap Insurance (RTI)
Pays shortfall between Motor Insurance payout and invoice price.
1. Great cover for new and used cars
2. Added Protection
3. Get back the amount you paid
 
Vehicle Replacement Gap Insurance (VRG)
Replaces your car with a brand new equivalent model.
1. Great cover for new and used cars
2. Added Protection
3. Replace your car with a brand new one!

OnlineSuitable For

Suitable For

New and used cars

Restrictions

Restrictions

1. Available for cars only
2. See website for car manufacturers and vehicles which are expressly excluded from cover.

Click4Gap
Click4Gap offer three Gap insurance products; Return to Value Gap Insurance, Return to Invoice Gap Insurance and Vehicle Replacement Gap Insurance. Click4Gap pays for what your insurance company does not. They will pay you up to a maximum of £25,000, and refund the depreciation of your vehicle. Please remember that insurance policies vary and it is important to read the terms and conditions before you purchase anything to ensure that you are covered. If you need more information please don't hesitate to contact the company. DETAIL INFORMATION >>Services

Services

Provides insurance for what your insurance company does not.


Advantages

Advantages

1. Cover can be extented to include additionl benefit of £500 inconvenience cover.
2. Cover against financial loss when your motor insurer declares your car an insurance write-off.
3. Refunds depreciation.
4. Can pay you up to a maximum of £25,000.
5. There is no maximum mileage limit from the date of purchase.
6. Cover available up to 4 years.
7. 21 day money back guarantee.
8. Transfer cover free for 90 days.
9. The comprehensive motor insurance does not have to be in your name.


Disadvantages

Disadvantages

1. No option to pay monthly
2. Cover can be purchased up to 90 days after taking ownsership of the car
3. The Policy can't be transferred to a different car or owner.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare GAP Depreciation Insurance

What is Gap Depreciation?

Car Depreciation Insurance is also known as GAP insurance. Gap Deprecation Insurance provides protection against car depreciation. It works sort of like a top-up to your vehicle insurance.

With standard car insurance will pay out if your car is written off or stolen. However, the figure an insurance provider will use to determine how much they will pay is based on the current value of your car and not how much it was when you brought it. Gap Deprecation Insurance essentially fills in the gap to make sure you will not lose money should you have to make a claim.

How much will it cost?

The exact amount you will pay for this kind of insurance depends on a number of factors. Not only will it depend on the insurer and policy you choose but it will also depend on what type of vehicle you want to insure and how old it is.

Finding the right policy

Choose a policy where you can tailor it to suit you and your insurance needs. Always make sure you read the terms and conditions fully before you apply.

Whatever type of cover you need, it is important that you take the time to research the market. You can compare some of the leading insurance providers in the table above.

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