What is GAP Insurance, why do I need it and why is it so important?

GAP Insurance, also known as Guaranteed Asset Protection, is a product that helps pay off your car finance if your car is declared a write-off. If you owe more than what your car is worth at the time, you could be left out of pocket. GAP Insurance does what it says on the tin; helps pay the gap between the car’s value and what you owe.

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£25,000 Personal Injury & £1,000 Excess Cover

We are the only Insurance Broker that provides this level of cover.

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Outstanding Financial GAP

We will pay the difference between the motor insurers' settlement and the outstanding finance balance.

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Return To Invoice GAP

We will pay the difference between the motor insurers' settlement and the original vehicle invoice price.

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Courtesy Cars

We will provide a Courtesy Car for the duration of your Claim.

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Better Safe than Sorry

Imagine how stressful it would be if you didn’t have GAP Insurance? It’s better to be safe than sorry. At Dynamo Cover, our GAP Insurance Policies are tailored to you. Choose between 1 to 5 years. We won’t be beaten on price!

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As well as paying any outstanding amount due to a lender, or even paying you back the invoice price of the vehicle, our product also includes Excess Protect so we will make a contribution towards the excess of your motor insurer.
Whilst GAP insurance is not a legal requirement, it provides assurance that should the vehicle be involved in an accident or stolen, you are not left out of pocket or owing the finance company money for an asset you no longer have.
You can obtain GAP insurance for any vehicle no matter how you have paid. However; there are various different types of GAP insurance products so you will need to check which one is right for you. For example; 'Outstanding Finance GAP' would not be applicable if you bought the vehicle outright, as there is no Finance in place.
GAP Insurance prices are based upon the value of the vehicle and the type of cover purchased. If you would like to obtain a quote for your vehicle then please click here. It only takes 30 seconds and you'll get an instant quote.
Not during the course of the policy, but the vehicle must be 8 years old or younger at the time of inception and have covered less than 80,000 miles.

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Dynamo Cover is a proud member of our sector wide association, BIBA. Ensuring our commitment to upholding the best practices in our industry.

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The UK's Preferred Alternative

We understand that insurance is not always everyone's favourite purchase, but our goal at Dynamo Cover is to be your preferred alternative.

If you're looking to save some money on your bills, or you would require some extra cover, then our policies have a range of additional benefits included as standard, backed by four and five-star ratings by independent body Defaqto.

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