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Honda GAP Insurance

Honda GAP Insurance can be a lifesaver when you’re in a bind. If your car turns out to be unsalvageable after an accident or a fire, or unrecoverable due to theft, your primary insurance provider would compensate for your loss. Unfortunately, they’ll pay the money your Honda is worth today, in the current market. As you might know, car values rarely appreciate as they grow older.

So the car value would’ve have dropped several thousand pounds from the date you purchased it, to the date of your insurance claim. At GAP Insurance, we’ve seen many people forced to shell out several thousand pounds just to pay back their car finance, despite the fact that their vehicle is a complete write-off.

How Would GAP Insurance Help?

GAP insurance is exactly what its name implies. It covers the gap between the amount you paid for your Honda and the amount the insurance company gave you. Here’s a brief explanation of our services.

Insurance Term - Our Honda GAP insurance is available for terms of 1, 2, 3, 4, and 5 years.

Invoice GAP insurance covers you, in the event of write-off for the difference between your motor insurance payout and either:

  • The amount (if any) outstanding on finance at the time of claim, OR
  • The original invoice price that you bought the vehicle for.

Replacement Gap is super still. In the event of write off this policy covers you for the difference between your motor insurance payout and either:

  • The amount (if any) outstanding on finance at the time of claim, OR
  • The original invoice price that you bought the vehicle for, OR
  • What it would cost at the time of claim to replace the vehicle with a vehicle of the same (or nearest equivalent) make, model, specification, age and mileage as was relevent to your original vehicle at the time you first bought it.

Want to know more about Honda GAP insurance? Just get in touch with us here at GAPInsurance.co.uk. You can fill in this contact form with your questions. You can also give us a call at 01943 850 999.