What is GAP Cover? GAP stands for Guaranteed Asset Protection. It protects customers from the large financial shortfall they could face when their car is written off or stolen, and the primary insurance cover reimburses customers for the market value of their vehicle, but GAP Cover bridges the difference between the primary insurance cover and the amount that the customer originally paid for the vehicle (or the outstanding vehicle finance). There are several types of gap covers and it can be a daunting task to select the one that is best for you and your financial situation. On the other hand, which company offers the best coverage for GAP covers? When you’re searching for GAP cover, you will come across InsuretheGap and you will wonder if they are trustworthy, what their policies are like, and if their customer support is helpful and knowledgeable. By reading customer reviews of real-world customers of companies like InsuretheGap, you will learn what exactly to expect from them in terms of their business and their products. Customer reviews like on this website will help you make better-informed decisions on whether to use InsuretheGap cover.
InsuretheGap was launched in 2016 by Halo Insurance Limited. This company is based in London, England and is an insurance company with several other lines of business such as InsuretheGap. Halo Insurance Limited was bought by Cover-More in 2018 which was then later bought and is currently owned by Zurich Insurance Group. InsuretheGap works in partnership with insurance companies to agree on insurance estimates so that InsuretheGap can guarantee the total shortfall will be paid by them in the event of theft or a customer’s car is written off in an accident. Return to Invoice GAP Insurance covers the difference between the current market value of the vehicle and the net invoice price of the insured vehicle – and is ideal for cars purchased using cash or a bank loan. Finance GAP Insurance pays the difference between the current market value of the vehicle and the net balance payable to the finance company at the time of loss of the vehicle. Combined Total Loss GAP Insurance pays the difference between the current market value of the vehicle and the net invoice price of the insured vehicle. Vehicle Replacement GAP Insurance pays the difference between the current market value and the net balance.
Products and Services of InsuretheGap
InsuretheGap offers four policies, namely the Combined Total Loss GAP, Return to Invoice GAP, Vehicle Finance GAP, and Vehicle Replacement GAP. Vehicle coverage is provided for up to £50,000 in value. The standard excess fee is £250.
Compliments, Complaints and Tips about InsuretheGap
Do you have a GAP insurance cover with InsuretheGap? Was their website east to browse to find your ideal insurance cover package? Did they have your vehicle’s model listed? Is their platform straightforward to enter your details and those of your vehicle to receive a quote? Would you recommend InsuretheGap to friends and family? We would love to read about your feedback (both positive and negative) and experiences when dealing with InsuretheGap. Your review will help potential customers learn more about their policies and customer service.
By reading other customers’ reviews, you will gain insight into the different cover and decide which one is best for your pocket.
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