What Is GAP Insurance? GAP Insurance Explained

Is GAP Insurance Worth It?
Motoring journalist, TV presenter and racing driver Rebecca Jackson is here to explain why you’d consider GAP Insurance.

What Is GAP Insurance?
GAP Insurance is usually offered when you buy a new or nearly new car because as soon as you drive it off the forecourt it starts to depreciate. This leaves you with a gap between what your insurer will pay you (at today’s “market rate”) in the event of a write off and what you originally paid for the car.

When Can I Buy GAP Insurance?
MotorEasy GAP Insurance can be bought for new or used cars so long as they are less than 8 years old or 80,000 miles - protecting your investment and ensuring you can get a similar car should you suffer a write off.

What Does GAP Insurance Cover?
GAP insurance covers the value of your vehicle in the event of a write off due to accident, fire or theft. Insurers will only pay you the current market value of your car, and GAP Insurance tops this up to help you buy out your finance agreement or replace your vehicle with the same car or a similar model.

How Does GAP Insurance Work?
In the event you have to claim, GAP Insurance tops up any insurance pay out to the value of the car when new, to the invoice amount or the value at inception of the GAP policy. This enables you to pay off any outstanding finance and get back on the road in a similar car.

Which GAP Insurance Is Best?

What can you expect from MotorEasy GAP Insurance:
• Immediate cover in the event of a write off due to an accident, fire or theft
• Save 75% on dealer GAP Insurance prices
• GAP Insurance cover for both new and used cars
• GAP Insurance cover for cars bought from dealerships or private sellers
• Cover for cars purchased on finance including PCPs and HP
• GAP Insurance cover for cars up to 8 years old and 80,000 miles
• £500 in Car Insurance Excess covered
• £1,500 in optional extras and accessories
• Cover for write off in Europe for up to 30 days

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