Motorbike GAP Insurance

For a small premium, made as a one-off payment, you can protect your investment in your motor bike with a Motor Bike GAP Insurance policy. From our extensive knowledge of the GAP Insurance market place we have developed a highly specialised product for the motor cycle owner called Motor Cycle Back to Invoice GAP Insurance. GAP Insurance - the acronym stands for Guaranteed Asset Protection - provides cover against any financial loss or shortfall between the original invoice price of your motor cycle and your insurer's depreciated payment in settlement of a total loss claim.

The Motor Cycle GAP Insurance Back to Invoice policy will come into effect when your motor insurers agree that the motor cycle has been stolen and not recovered, or is damaged due to accident or fire and the insurer of your motor bike considers that it is beyond economical repair.

A Motor Cycle GAP Insurance Back to Invoice Policy will protect you against the shortfall from your motor insurer's payout - which will be only the depreciated value of your motor bike - and the original invoice price you paid for your motor bike (up to the agreed capped benefit level of the Motor Bike GAP Insurance Back to Invoice policy purchased). The GAP Insurance payment includes any factory fitted accessories you paid for when you purchased the motor bike; and the policy covers both new and second hand motor bikes, up to ten years old.

If your bike is written off or stolen, you will only receive a market value settlement from your motor insurer.

The Motorcycle Vehicle Replacement policy tops up 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 the settlement figure from your finance company is the higher amount at the time, the policy will pay up to that amount instead.

Is Motorcycle Vehicle Replacement Insurance suitable for me?

You can purchase a Motorcycle Vehicle Replacement Insurance policy if:

• You have purchased your motorbike or scooter outright
• You have purchased your motorbike or scooter using a personal loan
• You have purchased your vehicle using finance secured against it
• Your motorbike or scooter is up to 10 years of age with fewer than 80,000 miles and 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)