Deferred Combination RTI or VRI Gap Insurance with Easy Gap
Why would you want to buy Deferred Gap Insurance?
If you buy a brand new vehicle, your own motor insurance policy may provide 'replacement' cover in the first 12 months of your ownership. This used to be a "perk" of buying a new car and was the norm.
With the cost implications to insurance companies more and more companies are pulling away from the cover but there are still a number of very big, reputable household named insurance companies that do! So please check with your own insurance company before you buy any level of deferred gap insurance.
So what does it mean to you if your own motor insurance company do offer the new for old cover?
By taking the Gap protection from Day 1 then you could be in effect paying for the 'gap' cover twice in that first year. You could delay buying your policy but then you would have owned your vehicle for over 180 days and would therefore not be eligible for the higher levels of protection. The ever present catch 22. Pay twice or miss out on higher levels of protection.
The answer may be to defer the start date of your cover with Easy Gap!
Lets assume that you have checked with your own motor insurance company and are happy with any terms they may apply and that they offer you the new for old replacement style of cover for 12 months.
With Easy Gap if you wanted a total cover of three years you would simply buy a two year standard policy and set the start date to co-inside with the end of your own motor insurance companies cover ( up to 12 months in advance ).
This means that the gap insurance cover would start the day after your cars first birthday but would still protect the original invoice price you paid or the replacement cost which depending upon the level of protection you choose.
Year one your vehicle is covered by your motor insurance company. Year two and three is it covered by Gap Insurance.
If you wanted a total of four years cover you could simply buy a standard three year policy and set the start date up to 12 months in advance therefore giving you a total of four years and so on and so on. A four year policy deferred would therefore give you a total of five years cover etc ..
Please remember that the maximum length of cover we can offer is five years. So no matter if you want to defer the start date or not, combined with your own motor insurance company the maximum length of cover is five years.
Sounds good but what are the advantages of deferred return to invoice gap insurance ?
- You have all the benefits of Combination return to invoice and vehicle replacement gap insurance !
- You are only paying for the number of years cover you actually need !
- You are still protecting your investment !
- You are paying considerable less for longer periods of cover Combination Return to invoice Gap Insurance (especially 5 years!)
You can buy deferred combination return to invoice and vehicle replacement gap insurance for
- Take advantage of deferred combination return to invoice gap insurance for Motor homes
- Take advantage of deferred combination return to invoice gap insurance Vans
- Take advantage of deferred combination return to invoice gap insurance Motorbikes
- Take advantage of deferred combination return to invoice gap insurance Cars
1- How to get a quote an set up an Easy Gap policy with a deferred start date
i- Click for a quote
ii- Answer all the qualifiying questions as they are shown
iii- Build your quote, and the important aspect is select the number of years you wish to add to the end of your deferred period. So if you wish to get 3 additional years then simply opt for the 3 years in the drop down. Remember to also when considering to defer your cover that you need to assess the 'claim limit' closely. For example if you take a three year policy and defer the start date, you need to pick a claim limit suitable for 4 year cover.
iv-Click to buy your policy, simply fill in your details and the vehicle details. The very last question will ask you when you wish to start your Gap Insurance, it is here that you put your desired deferred start date in up to 12 months time.
Remember when you buy a standard Return to Invoice or Vehicle Replacement Policy from Easy Gap you can start the policy immediately or up to 12 months time. Easy Gap does not charge you extra for deferring the start date.
2 - Other Gap Providers say I should not defer my start date even though I have replacement cover on my motor insurance, why?Well perhaps you could ask them whether they have the option to defer the start date of their policy to find the answer? Of course the Easy Gap policy can be deferred if required, but we would encourage you to check the terms of your motor insurers replacement policy to satisfy yourself of the cover.
Of course if you find punitive conditions for your replacement cover, such as a mileage restriction you are likely to exceed, then you can take the Gap policy from day one. If your motor insurer does have replace the vehicle and you have an Easy Gap policy in place then we will transfer the remainder of your cover onto your replacement vehicle.
If you are satisfied that your motor insurance replacement terms give you what you are looking for then simply choose a deferred start date on an Easy Gap Return to Invoice or Vehicle Replacement policy.
Why spend money on 'double cover' when you do not need to?
3 - What is the longest deferred policy term Easy Gap can offer?The longest period that our underwriters can provide cover for is 5 years from your vehicle purchase. Therefore the longest deferred policy you can opt for is a 4 year policy deferred for 12 months. We cannot provide a 5 year policy with a deferred start date.
4 - Which types of Easy Gap policies can be deferred?
Easy Gap Return to Invoice and Vehicle Replacement Policies are the only types that may require a deferred start date with Easy Gap. The other styles we offer are Finance and Contract Hire Gap and Agreed Value Gap which can both be bought at any point of vehicle ownership (within policy limits), and therefore do not require a deferred start date.
Easy Gap has received a Defaqto 5 Star Rating for vehicle replacement insurance,
Finance and contract hire insurance and return to invoice insurance.
Each supplier may call their level of gap insurance a slightly different name. Each supplier will have negotiated different terms and conditions.
So how do you know which policy is best?
So do you know that you are getting the highest levels of protection at the most competitive prices.
At Easy Gap we want you to be able to make real, factually based choices. No gimmicks just honest real information. So we are very pleased Defaqto have now completed a Motor Gap insurance review.
Defaqto is an independent financial research and software company specialising in rating, comparing and analysing financial products and funds.
Since 1994 they have built the largest, whole of market, financial database and become one of the leading providers of financial product and funds data in the UK.
They now cover more than 35,000 products across banking, life, investments and general insurance. Their experts validate and analyse the data to provide insight and consultancy to all layers of the financial services sector including financial advisors, mortgage and general insurance brokers, web aggregators and the public sector.
Unlike other reports they do not take into account any pricing instead the concentrate simply on the policy terms conditions and performance.
So before you buy from anywhere else why not take a real impartial look at what your terms and conditions mean and how you policy will perform?
We pay £250 towards your own motor insurance excess
You can Transfer your Policy to another Vehicle ( subject to eligibility ) Free of Charge.
Our policies cover all Factory Fitted Options
Our polices cover up to £1500 worth of dealer fitted options
You can cancel your policy within 30 days and providing you have not attempted to make a claim you can have a full refund
Our policies cover all named drivers
The price you paid for your vehicle is not limited to any form of a guide price * except Agreed Value
In fact the full list of policies features goes on and on, deferrable, transferable, cancelable and fully regulated so why not click or call and speak to a member of the team about how a Deferred Gap insurance policy could help you?