If you are looking for the best gap insurance product in any walk of life then it is natural that you would look for some guidance.
This can come in the form of endorsements, internet forums or even price comparison sites. This task is quite straightforward when you look at the likes of motor insurance or household cover, but Gap Insurance is far more specialist in nature.
So when you are looking into Gap Insurance there are only a very small number of resources from experts on the subject.
Gap Insurance research
In February 2012 the consumer giant Which? published a report and guide on the purchase of Gap Insurance in the UK. The report compared a number of the leading specialist insurers with products offered at motor dealers, and perhaps unsurprisingly the conclusion was that better deals may be found away from the forecourt.
The report does not really get into the subtle differences between policy terms that can be so important, as the gap insurance cost is not necessarily the only important factor. Industry experts Defaqto have released a new ‘star rating’ report on Motor Gap Insurance, where 100 products in the market were rated on policy terms. Only ten products achieved the top ’5 star’ ratings, and interestingly many of these were for independent brands. However, some of the lowest rated products were also from online providers, so if you are looking for some guidance then it may be a good idea to take a close look at the report.
Gap Insurance on internet forums?
Of course you can trawl the internet forums to see what people think of the various Gap Insurance providers, but you may also want to take this with a pinch of salt. Who knows who is placing their opinions on a product, how do you know they do not work for the company in question?
If you are looking for a good place to compare Gap Insurance, then these two resources are a good place to start.