Gap Insurance @ EasyGap.co.uk

Contract Hire Gap Insurance

Do you want to buy Contract Hire Gap Insurance underwritten by a financially 'A' rated, UK based insurance at competitive, real value for money prices?  Simply pick the type of vehicle you want a contract hire gap insurance quote for and our automated system will walk you through. If you have a Car or Van on a lease agreement then you can protect yourself with an EasyGap Contract Hire Gap policy.

Remember if your vehicle is on a Contract Hire or Lease agreement, and is written off, then the leasing company can ask for a settlement figure that is far higher than the vehicle market value at that time. As the hirer, you could be liable to pay the difference.

Why EasyGap.co.uk for Contract Hire Gap Insurance?

EasyGap Contract Hire Gap policies are designed to protect you should you face a shortfall between the vehicle market value, and the outstanding settlement on the lease.

Remember with lease agreements, like Contract Hire, your obligations are to the amount outstanding on the finance agreement, as you cannot own the vehicle with contract hire. Therefore styles of Gap Insurance like Return to Invoice and Vehicle Replacement Insurance are of little relevence.

If you need help, have any contract hire gap insurance questions or would like to contract hire gap insurance cover by telephone simply call us on our free phone number 0800 195 4926, we will be only to happy to help. We promise to answer all of your question in plain English, simple and Easy!

Please remember that even though EasyGap Contract Hire Gap policies come with market leading premium prices, this does not mean a dilution of cover, security , peace of mind or back up it just simply means better value for money ! The policies are underwritten by AM Trust Europe Ltd, and covered by the Financial Services Compensation Scheme.

Why Contract Hire Gap Insurance from EasyGap?

If you are comparing an EasyGap Contract Hire Gap Insurance policy against your motor dealer, or leasing company policy, you may notice one thing right away, the difference in price!

By looking to EasyGap cover for your lease or contract hie vehicle, you could save up to 80% against your motor dealer policy.

How can this be? Is there anything differnet between the levels of cover? We have never come across a Lease Gap Policy nthat has significant policiy features to ours. As for the price, well there are several reasons why a dealer gap insurance policy could never be the same price as ours.

For your peace of mind you will be pleased to know that

• all of our Contract Hire Gap Insurance policies are underwritten by an A rated insurance company AM Trust Europe Ltd.
• all of our gap insurance policies are all fully FSA Regulated
• all of our gap insurance polices are  backed by the financial services compensation scheme.

Contract hire or Lease companies differ in their stances on what happens when a contract hire vehicle is written off and most of the general public think that if the vehicle is written off that their insurance company will pay a settlement and that is an end to it. 

Sadly this is not always the case. Some contract hire companies can charge 50%, 60% or the highest we have heard of 90% of the rentals outstanding when the vehicle is written off. Your insurance company will at best have valued the vehicle at the market value when it is written off.

Your lease company will have been charging you a rental based upon what they predicted the vehicle to be worth at the end of the contract. So what happens to the bit in the middle ? What happens to the Gap ? Hence to try and recoup their costs they can charge up to 90% of the rentals.

Why you may want to get Contract Hire Gap Insurance

Please let me try and explain

• You buy a vehicle on contract hire for 245.98 per month & vat. 
• Your contract is for 36 months
• You have new for old fully comprehensive insurance.
• Month 13 your vehicle joins the other 600,000 cars written off each year in the UK.
• You are now left with bill for up to £5091.79 & vat!!!!!

Lease Gap Insurance could pay the difference between the vehicles value at the time of it being written off and the amount of finance / rentals outstanding. Gap Insurance for Contract Hire starts from as little as  £39 based on a £5,000 claim limit.

Remember the you set the claim limit which is the maximum that the insurance company will pay out over and above the vehicles valuation at the time of it being written off. A top tip is to check how much it will cost to increase the clam limit as in most cases the cost is negligible and in some cases it is the same. If you need any help or assistance or any any questions why not call us on 0800 195 4926 during office hours where we will be only to happy to help.

View Contract Hire Gap Insurance Policy

You can click or call 0800 195 4926 for an instant contract hire gap insurance quotation for many vehicle including cars, vans and motorbikes. Remember we are a broker, and if you are looking for an alternative contract hire gap insurance quote, the why not try our sister site, GapInsurance123.co.uk.

N.B. If you have bought a new vehicle and have new for old cover on your own motor insurance and buy either combination return to invoice gap insurance or vehicle replacement gap insurance - should you be provided with a replacement vehicle within the 1st 12 months via your own motor insurance company, and not use the Gap Insurance we will transfer the remainder of your policy to your new vehicle free of charge.

Contract Hire Gap Insurance from EasyGap.co.uk