Tuesday 9 March 2010

EGroup Insurance and MY10 GAP

Just had a flyer in from egroup motor insurance group.

It says "Every day in the UK, more than 500 vehicles are involved in accidents and one is stolen every 2 minutes.

Write-offs occur all too often so have you ever considered protecting yourself and your money with Guaranteed Asset Protection (GAP) Insurance.

If you are comprehensively insured and any of your vehicles are less than 7 years of age then GAP Insurance will cover the value of the vehicle (or any outstanding finance) in the event of a total loss. It will payout the difference between the current market value of your vehicle and the value that your insurer will payout after depreciation.

If your vehicle has been purchased within the last 15 months we can offer a return to invoice policy."

How GAP works
- Cost of car = £12,000 (any value to £50k)

- The Vehicle is written off after 18 months

- Insurance company payout = £8,000

- GAP Insurance payout = £4,000

Premiums can be paid in full or monthly installments and start from just £115* for 3 years cover.

NB: also van, minibus and taxi up to £37,500 and bikes up to £25,000.

To celebrate the launch of the new 2010 registration plate, eGroup associated business and GAP Insurance speciliasts - Quota Marketing, are offering all eGroup customers an exclusive £20 discount.

Maybe it is an idea to take a look at egroup motor insurance products at http://www.jml-property-insurance.co.uk/e_group_insurance.htm

Strange how we wait till well into March for the "10" registration and then a few months later will get the 60. Still very confusing. Personally like the Irish system the year 10 the county and then numbers 10 D 12345 etc.

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