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What can a Mercedes Gap insurance from EasyGap do to help protect your new car?
When you buy a new car, there are always extra costs, and when many household budgets are under pressure, is gap insurance worth it? After all, no matter how good our policy is, we can never prevent you from being in an accident or your Mercedes from being stolen. So, is spending even more money on Mercedes Gap insurance from Easy Gap worth considering?
We have been supplying gap insurance to many hundreds of thousands of happy policyholders for over a decade and a half, so as you may already have guessed, yes, 100%; we think that Gap Insurance is an essential part of vehicle ownership. We say this as we see day in and day out the peace of mind and the financial benefits of gap insurance when our policyholder's vehicles are written off.
Your full comprehensive motor insurers are only required to give you the market value (what they consider to be a fair cost to replace your Mercedes as it was on the day it was written off) for your Mercedes at the time of loss. Depending on the Mercedes you bought, how old it is, what you are using it for, and how long you have owned it, the market value settlement you are offered could be considerably less than you expect.
A Mercedes Gap insurance from EasyGap can help. Our gap insurance policies are designed to bridge the gap between your motor insurer's market value settlement and the outstanding finance, if applicable, original purchase price, or vehicle replacement cost, whichever is higher of the options at the time.
Depending on the mileage and age of your Mercedes, these are the different GAP policies available:
EasyGap's Return to Invoice Gap Insurance is designed to bridge the gap between your standard car insurance settlement and the higher of either
EasyGap's Vehicle Replacement Gap Insurance provides cover that will bridge the gap between what your car insurance company offers and the higher of the following:
- the amount you still owe on your finance agreement at the time of loss.
- the original invoice price you paid.
-the cash replacement cost of a like-for-like vehicle.
Your payment will be calculated by averaging three quotations for the same model. If that model is unavailable, the settlement will be based on the superseding model. If the model has been discontinued, the payment will be the invoice price you will get back, plus an additional 10%.
To make a claim, your car insurance company must confirm that your vehicle is a write-off and provide a settlement based on its current market value.
This value indicates the estimated expenditure required to buy a replacement Mercedes with equivalent age, mileage, and condition as your vehicle on the day it was declared a total loss.
This more comprehensive cover can offer reassurance, guaranteeing full protection should an unfortunate incident occur with your new vehicle and a claim must be filed.
At the moment, our Easy Gap system cannot provide a quote for the Vehicle Replacement option. However, if you call the office on 0800 195 4926 or 0151 647 7556, and an advisor can discuss a tailor-made quote with you.
A Contract Hire/ lease Gap Policy from EasyGap is designed to pay the shortfall between your insurance company's market value settlement, the amount outstanding on your lease or contract hire agreement, or the balance outstanding to your finance company.
You can also protect the initial rental you paid on your contract hire agreement. You will have no financial liability and be refunded your deposit up to a maximum of £3000. (Late payment charges and arrears will be deducted.)
Please see your policy documents below for a complete list of terms and conditions.
Easy Gap Contract Hire Gap Insurance Terms Easy Gap Contract Hire Gap Insurance IPID
Easy Gap RTI gap insurance Terms Easy Gap RTI Gap insurance IPID
- Fully regulated by the FCA
- Membership in the British Insurance Brokers Association (BIBA)
- 30-day money-back guarantee, provided a claim hasn't been made
- Coverage for all named drivers aged 18 and above with a full UK driving license
- No restrictions on mileage
- Gap Insurance policies for up to 5 years
- No policy administration fees
- Can cover vehicles up to the value of £100000
- Can cover vehicles with mileage up to 80000
The price of your GAP insurance can depend on a few different circumstances. i.e.
- the age of your vehicle
-the amount of mileage your vehicle has
-the type of policy you choose.