Home : Motorcycle GAP Insurance

Motorbike GAP Insurance

What is Motorcycle GAP Insurance?

Motorcycle GAP Insurance will protect you in the event your motorbike or scooter is declared a total loss through accident, fire or theft.

Motorcycle Vehicle Replacement Plus covers the difference between your motor insurer’s settlement and the cost of replacing your bike new for old (or with one of the same age as the original bike at the time you purchased it, if not brand new).

If you have finance on the vehicle and the settlement figure is the higher amount at the time, either policy will pay up to that amount instead.

Do I need Motorcycle GAP?

With Motorcycle Vehicle Replacement, the answer to this is yes, if you want to:

Protect the value of your vehicle, which might be more than you paid
Protect against rising costs of new vehicle and/or any discount you received at the time of purchase

Can I buy Motorcycle GAP?

The motorcycle is under 10 years old and registered in the UK
The purchase price of your motorbike does not exceed £50,000
The motorcycle must be covered by a comprehensive or third party, fire and theft motor vehicle insurance policy with a motor insurer
The motorcycle is not on contract hire or leased
Your motorcycle is not a trike or quad bike
The Motorcycle or Scooter must have been purchased within the last 365 days from a VAT registered dealer

Motorcycle GAP Insurance Features:

Available up to 5 years for vehicles owned outright or on finance
We are fully authorised and regulated by the Financial Conduct Authority (FCA) and your policy is covered by the Financial Services Compensation Scheme
Pays as standard up to £250 of your Comprehensive Insurance excess
Our policies do not have a ‘Market Value Clause’
Our policies do not a have a ‘Glass Guide maximum retail value clause’
Any policy amendment made FREE of charge

This policy is combined with Finance GAP, it will either pay back to the replacement vehicle cost or the outstanding finance, whichever the greater. *see illustration below
Policy transfer – pro rata transfer of unused premium if you change your vehicle, with no admin fees
Available for motorcycles up to 10 years old, delivered within the last 180 days, or 365 days (if insured under a comprehensive Motor Insurance Policy which includes ‘New for Old’ cover for the first 12 months)
Discount available for renewal and additional policies

Motorcycle GAP Example:

Your purchase price:	£10,000
Replacement cost at time of claim:	£11,500
The amount owed to the finance company at the point of claim:	£13,000
Your comprehensive market value insurance payout:	£5,000
Our Vehicle Replacement Plus payout:	£8,000
Comprehensive Insurance payout + ALA GAP Insurance payout =	£13,000
(Leaving you clear of any owed finance on your vehicle)

Alternatively (without finance)...
Your purchase price:	£10,000
Replacement cost at time of claim:	£11,500
Your comprehensive market value insurance payout:	£5,000
Our Vehicle Replacement Plus payout:	£6,500
Comprehensive Insurance payout + ALA GAP Insurance payout =	£11,500
(Leaving you enough money to purchase a new vehicle matching the original)

QUOTE ME

Vehicle Replacement Plus Back to Invoice Plus Contract Hire Plus Agreed Value GAP Warranty Cover Tyre Cover Alloy Wheel Cover Scratch & Dent Cover Excess Cover