Buy Motorbike Gap Insurance Online?

If you are looking to purchase Gap Insurance for your Motorbike online, look no further. Being part of Aequitas Automotive Ltd, we own and operate a number of different Gap Insurance based brands, such as EasyGap.co.uk, Gap Insurance 123, Shortfall.co.uk and Total Loss Gap. Total Loss Gap is the only brand that wouldn't offer a quotation for a Motorbike currently.

Motorbike Vehicle Replacement
pays the difference between your bike's valuation on the day it is written off and the amount of money you would need to spend to buy another bike the same age, mileage and condition as yours was on the day you picked it up from the dealership. If that bike is no longer available then settlement would be based on the superseding model. 

Motorbike Return to Invoice Gap Insurance pays the difference between your bike's valuation on the day it is written off and the original invoice price your paid. You now have the original price back so your can clear any outstanding finance and the rest of the equity you have is yours to do with as you see fit. 

Motorbike Finance Gap Insurance pays the difference between your bike's valuation on the day it is written off and simply clears your outstanding finance. Remember that it will not cover the cost of any late payment charges or arrears.

 

What can Motorbike vehicle Replacement insurance do for you?

Vehicle Replacement Gap Insurance will pay the difference between your insurance companies settlement and the amount of money you would need to spend to buy another bike the same age, mileage and specification as yours was on the day that you collected it from your dealership. If that model is no longer available then settlement is based on the replacement model. 

In essence if your bike is written off then between your two insurance policies you will be given the full purchase price of a replacement bike, from this you can clear any finance and the rest the funds the deposit and the equity you have is yours to do with as your see fit.
What Can Motorbike Return to Invoice Gap Insurance do for you? 

For illustration purposes lets say that you have just bought a nearly new bike and paid £8950.Two and half years later your bike is stolen and your insurance company offer you the market value which based on the average rates of vehicle depreciation would be just £4600. Without any form of gap insurance the £4600 is the only amount (without using savings) that you have to buy another bike or clear any finance.

This is exactly when Return to Invoice Gap Insurance can help. In this example your policy you pay the difference between your bikes valuation on the day it was written off and the original invoice price your paid.This means that you now have a payment from your own bike insurance company £4600. Your gap insurance pays £ 4350. Your policy also pays £250.00 towards your own motor insurance excess. You now have the full purchase price back to replace your bike without having to use any savings. If you had paid for your bike on a form of finance you can clear the outstanding amount and then the rest, the balance, the chunk in the middle is yours to do with as you see fit.
What Can Finance Gap insurance do for you and your Motorbike?

Motorbike Finance Gap Insurance is the oldest and one of the easiest levels of cover to understand.

Simply put, it pays the difference between your insurance companies settlement of your bike on the day it is written off and simply clears your outstanding finance. Please remember that your policy will not cover late payment or arrears charges but essentially will leave you free to walk away with no further financial liability.

The good news is that we still pay £250.00 towards your own motor insurance excess and you can buy your policy at any time during your agreement.


Motorbike Gap Insurance with Easy Gap