What Is It And Who Can Buy It?
Gap Insurance policies don’t come much better than this.
Replacement Gap Insurance pays the difference between your Motor Insurance payout and the cost of replacing the vehicle with a new one, at the time of claim – even if the new vehicle costs more than you paid for your original vehicle!
It’s available for vehicles that (at the time of purchasing the policy) are less than 3 months old, that were bought within the last 3 months, for a purchase price of up to £100,000.
Claim Limits range from £5,000 to £75,000 and durations from 1 to 4 years are available.
To be eligible for Replacement GAP Insurance you must have bought your Car VAT registered UK Motor dealer or finance house.