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Are you purchasing a new 66 plate vehicle – don’t forget to take out GAP insurance

What’s this all about?

GAP insurance is available for new and used vehicles and offers protection against a financial shortfall in the event your vehicle is written off, whether it is on finance, lease or owned outright.

Your motor insurer’s total loss settlement figure may not be enough to settle the outstanding finance on your vehicle, which could leave you with a significant shortfall. GAP insurance can clear this outstanding finance or return you to your original invoice price of your vehicle.

Dealers will always offer GAP insurance with the vehicle, but they have to provide you with a 4 day deferment before they can conclude the GAP sale to allow customers time to shop around.

The GAP insurance we offer is not an add-on and not subject to the same rules.  We can offer GAP the same day the vehicle is purchased and generally far less premium and only attracting a tax rate of 10% IPT instead of 20% for a dealer product!

How can we help you?

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We do everything we possibly can to check that we have got our facts straight, but it’s always possible that we could make a mistake (hopefully not or never would be better). Therefore we would like to make you aware that we accept no responsibility for information that may be factually incorrect or out of date, but we will do our best to make sure that all content is accurate. Our vision behind bringing the blog to the wider community is to keep our clients and prospective clients informed of their legal requirements, the different products on offer and how they may benefit your business and the new schemes we find which we think will benefit you.

We are Personal and Commercial Insurance Brokers based in Newquay covering the whole of Cornwall and the UK