Buy Motorhome Gap Insurance
What is Motor home Gap Insurance and what can it do for you?
Motor home Gap insurance can help protect you financially, should your vehicle be stolen, or involved in an accident, and 'written off' as a total loss by your insurance company. Vehicles such as Motor homes carry high purchase prices typically, so depreciation on such a vehicle can represent a serious financial loss. A Gap Insurance policy for your Motor home can help protect you against this and other out of pocket expenses.
In fact depending upon the level of cover you choose you can protect yourself against
Motor home finance gap insurance pays the difference between your motor homes valuation on the day it is written off and simply clears your outstanding financial liability.
Motor home Return to invoice Gap insurance pays the difference between your motor homes valuation on the day it is written off and either the original invoice price you paid or the amount outstanding on finance which ever is the higher.
Motor home vehicle Replacement pays the difference between your motor homes valuation and the amount you would need to spend to buy another motor home the same age, mileage and condition as yours was on the day you originally collected it from the dealership.
We can answer you questions and discuss the various motor home gap insurance options you have, in plain English with no jargon. We want you to be able to understand all the different types of motor home gap insurance so that you can make your own informed choice about which level of motor home gap insurance is best for you and your motor home.
Motor home Gap Insurance
There are three basic types of Gap Insurance available for your Motor home:
Which one is best depends totally on you, your circumstances, how old your motor home is and even how you chose to pay for it. So why not take at look at our motor home gap insurance example or if you prefer why not call us on 0800 195 4926 where a member of the team will be only to happy to help explain your motor home gap insurance options.
What is Motor Home Vehicle Replacement Insurance and what can it do for you?
Motor homes are expensive and over a period of time pressures on labor, vat fluctuations and manufacturing costs means that prices increase year on year.
This may mean that if you motor home is written off simply getting your purchase price back may not be enough to buy another motor home without even further investment from you.
This is exactly where motor home vehicle replacement insurance can help as instead of simply protecting the invoice price you paid you are now protecting any inflationary increase.
In reality this means that you policy pays the difference between your motor homes valuation on the day it is written off and the amount of money you would need to spend to buy another motor home which is the same age mileage and condition as yours was on the day you drove it home from your dealership even if the price has gone up.
You will be pleased to know that if the model you bought is not longer available then any settlement will be based on the superseding model
We will never try to find a motor home for you instead you are always paid the cash equivalent. After all you may want the same motor home again but you may not and we think that it should be you who decides.
All of our many policy features still apply
All of our policies are underwritten by UK General on behalf of Ageas Insurance and are fully FSA regulated and backed by the financial services compensation scheme.
Why not click or call 0800 195 4926 and speak to a member of the team about your motor home gap insurance options?
Return to invoice Gap insurance is the most commonly offered form of gap insurance by motor home dealers. In essence if your motor home is written off it pays the difference between your motor homes valuation on the day it is written off and the original invoice price you paid. ( less road fund ).
For example lets say that you have just bought a motor home and paid £37500
Three years later your motor home is written off and your own motor insurance company evaluate the claim and agree to settle. They duly pay you the value of your motor home on the day it was written off which based on current rates of depreciation is £28000.
So what happens now?
Without any form of gap insurance the £28,000 is the only amount that you would have to be able to buy another motor home or clear and outstanding finance, unless you really want to dig deep into your savings once again?
This situation is exactly what motor home gap insurance has been designed to protect you against in that instead of simply relying on your insurance settlement you would now receive another cheque from your gap insurance policy.
In this example that would be £9500.
You now have the full purchase price back and can clear the finance if any and then the remaining amount is yours to do with as you see fit.
No -one ever thinks that it will be their motor home that is written off. no one ever thinks that it will be them who has an accident but unfortunately it happens day in and day out.
With a motor home Gap insurance at least the financial worry is taken away as our feature rich motor home gap insurance has may benefits, from contributions towards your own motor insurance excess to free accident management and at Easy gap we are here to help ever step of the way.
What is Motor Home Finance Gap insurance and what can it do for you?
Finance gap insurance is the most basic level of protection in that it simply pays the difference between your motor homes valuation on the day it is written off and clears your financial liability.
This means that if you motor home joins the estimated 600,000 other vehicles written off in the UK each year then you will be able to walk away with no liability to your old motor home.
The down and flip side is that you will also being walking away from any deposit or equity that you have accrued while making your payments and it may be worth considering a more comprehensive level of cover which could protect these elements as well.
Please remember that your policy will have terms and conditions so please always read your policy before you buy for example you policy would not cover a personal loan or a motor home which is left hand drive.
As always we are here to help sop why not click or call and speak to a member of the Easy Gap team who can explain you options so that you can make real informed choices.
We would always want all of our many happy customers and Website visitors to be able to explore their Motor Home Gap insurance options and compare levels of cover so that they can make real informed choices.
So please feel free to browse our website or call a member of the team on 0800 195 4926. Our lines our open Monday to Friday 9am-7pm and Saturday 10am - 4pm.
No matter if you want to buy gap insurance for your company car, your business van or your motor home or motor bike we are here to help every step of the way from the purchase of your policy to claim we are only ever a click or a call away.