Motorfinity GAP Insurance
GAP stands for Guaranteed Asset Protection and GAP insurance covers the 'gap' between what you actually paid for your vehicle, and what it's worth at the time your vehicle is written-off.
The idea is that, for a one-off payment, the GAP insurance company guarantees that in the event your car is written off you won't be out of pocket.
What are the types of GAP Insurance?
There are 2 main types of GAP insurance: 'back to invoice' and 'vehicle replacement', and both are suitable for cars owned outright or on finance. Vehicle replacement covers the cost of replacing the car even if the price has increased. This can be handy where you've had discounts on the original purchase price.
With both Back to Invoice and Vehicle Replacement, if you have finance you'll be able to clear it and any money remaining can be used on your next car.
Some GAP providers also offer "finance only" GAP insurance and, whilst this leaves you without any outstanding finance, it can be limited as you wouldn't have any money left over to use against your next car.
The offer
Save 10% on GAP Insurance through Motorfinity use code MFINITY10 at the checkout.
Contact information
Call the team on 01653 916633 or email info@ala.co.uk
Always remember to quote MFINITY10.
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