Financial Services > Car lnsurance > Return to Invoice Gap Insurance

Return to Invoice Gap Insurance

Return to Invoice Gap insurance is designed to cover the difference between the original cost of a car and the insurance payout if it is written off. It is widely accepted that a car loses its value by between 35 and 90 percent within the first three years of its manufacture however without Gap Insurance a normal fully comprehensive insurance policy may leave a motorist with significant losses that could be avoided.

If a motorist purchased a car for £20,000 and 18 months later the insurance company wrote off the car, and agreed to payout £14,000 the claimant would have suffered losses of £6,000. However a Gap insurance policy would cover these losses allowing the claimant to have the same amount of money they originally had to purchase a new car.



Simplyhealth Dental Plan

Affordable cover from only £7.50 per month. Join now and get first month FREE

Health cover, life insurance and PMIProtect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.

Save money on your mortgageSave on Your Mortgage

Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.