GAP Insurance policy providers, with few exceptions, are usually limited to only being able to provide GAP Insurance policies with an overall maximum claim limit of £25,000.
That's all well and good, but it's generally accepted that the average vehicle will depreciate by as much as 77% over a three year term;
To clarify, the "Claim Limit" is the most that the GAP Insurance policy will pay towards:
So, if £25k is the largest Claim Limit that most GAP Insurance providers are able to offer, is it not fair to say that if your vehicle cost you more than £32,467 (77% of £32,467 is £25k) it's not likely that £25K will cover the whole potential depreciation over three years.
That's where we step in.
We can offer the usual Claim Limits ranging from £5k to £25k, but we can also offer £50k and, in a UK online exclusive, we have the ability to provide you with a unique "Full Vehicle Value" Claim Limit for vehicles purchased for up tp £100k!!
We can provide a maximum Claim Limit of £100k for vehicles bought for between £100k and £150k!
By choosing a claim limit equal to the original purchase price you paid for your vehicle, you're effectvely choosing an "Unlimited" claim limit, simply by way of of the fact that your vehicle will never depreciate by 100%.
GAP Insurance claim limits of up to £100k??
We don't mind if we do!