In fact, the reality of car depreciation rates are quite shocking. GAP, or Guaranteed Asset Protection Insurance, saves you from losing money if your car gets stolen or written off. Find a Star Rating Motor gap insurance. These details can be confirmed by visiting the Financial Services Register, www.fca.org.uk/register driver details. Originally took gap insurance in June and that was simple and efficient. In the event you sell your car, you take the policy with you and apply it to your next vehicle. When a vehicle is so badly damaged it can be deemed as beyond economical repair by an insurer - known as 'written off' or a 'total loss'. Take a look at cars we financed between £150 and £250 per month. Admiral is an insurance company for cars and other vehicles. Unfortunately, the form could not be processed at this time. Company No: 850195. Let's start your GAP Insurance quote. Hello. Admiral’s GAP Insurance policy covers the difference between the motor insurer’s settlement – usually market value – and the amount your vehicle cost when it was bought, as long as you bought your car within the last 100 days. About Admiral Admiral is a UK based insurance company, set up in 1993 to specialise in car insurance. If you've just bought a car brand new, GAP insurance will pay the shortfall between the car’s value at the time you make the claim versus the amount you paid for the car. EUI Limited acts for, and on behalf of, other regulated insurance companies. current car. 306164). When looking at a GAP claim, we consider the shortfall from the finance settlement and the gap from the invoice price - Admiral pays whichever is higher. No, you need to have a UK full or UK provisional licence type in order to be eligible. Yes, if you bought your car on finance within the last 100 days, our GAP policy covers the costs of any existing lending if your car is written off or stolen. Admiral GAP Insurance covers a wide-range of new and used cars up to five-years-old and less than 50,000 miles on the clock. You plan on paying back your car over a long period of time. Price your car repayments – if you have finance – and get a GAP insurance quote first, and then consider it. Further details may be provided on request. Payments are made directly to you, or the finance company, on confirmation of total loss. EUI Limited acts for, and on behalf of, other regulated insurance companies. For pet insurance, Admiral introduce to Insurance Factory Ltd who arrange and administer the policy. Admiral GAP Insurance covers a wide-range of new and used cars up to five-years-old and less than 50,000 miles on the clock, whether it was bought outright, through a finance option or a personal lease agreement. Admiral insurance discount codes January 2021 Admiral is a British insurance provider that offers home, car, travel and pet insurance. GAP Insurance is useful for every car owner, however it is especially recommended if: This policy pays out enough to cover the cost of a like-for-like replacement vehicle in the event that your car is stolen or written off. GAP Insurance will cover the difference between what your insurer pays out and, depending on the type of policy, what you paid for the car or what you still owe on the car. Thank you for your feedback on our website. Typically you can expect to lose between 15% and 35% in the first year and up to 50% or more over three years. You're in an accident and your now one-year-old car is written off, Your car insurance company offers to pay out the market value which is £15,000. Our experts select and analyse between 30 and 100 features or benefits for … 7. If the insurer pays out, GAP will provide the cover. £250 of your car insurance excess is covered if you make a claim. Gap insurance can be bought for new or second-hand cars up to 10 years old. 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