Driving Instructor GAP Insurance

Q: Key Benefits for Driving Instructors

Financial Security: In the event of a total loss, you'll receive a payout that covers the shortfall, allowing you to get back on the road with a replacement vehicle without significant financial stress. Covers Vehicle Depreciation: Taxis depreciate quickly due to constant use and high mileage. GAP insurance protects your investment from this loss of value. Clears Outstanding Finance: If your taxi is financed, a GAP policy will ensure that any remaining debt is cleared, preventing you from being "upside down" on your loan. Specialist Cover: Our policies are specifically designed for the unique risks faced by professional drivers, including public and private hire vehicles. Peace of Mind: Knowing your business is protected gives you the freedom to focus on your passengers and your driving.

Driving instructor GAP insurance is a specific type of Guaranteed Asset Protection (GAP) insurance designed for driving instructors and driving schools. It works on the same principle as other GAP policies, but it’s tailored to the unique risks associated with a driving instructor’s vehicle.

This is where Hire & Reward GAP Insurance becomes your safety net. GAP, or Guaranteed Asset Protection, is a specialized policy designed to bridge the financial gap between your motor insurer’s payout and the true value of your vehicle.

Remember, not all GAP insurance providers offer specialist GAP cover including GAP for Driving Schools and Driving Instructors so rest assured you are in good hands, just complete the details below and one of our expert team will get back to you with a competitve quote.

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Hire & Reward

Designed for individuals and businesses that use their vehicles to transport people or goods in exchange for payment.

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GAP for Taxis

GAP insurance for taxis tailored for those who use their vehicles predominantly as a taxi or prviate hire.

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GAP for Driving Schools

One of the few UK providers of GAP insurance for driving schools and driving instructors..

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Contract Hire GAP

A GAP insurance product designed for clients who lease their vehicle with no option to own at the end.

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How Does Hire & Reward GAP Insurance Work?

Driving instructor GAP insurance covers the financial shortfall between the motor insurer’s payout and the vehicle’s original purchase price or the outstanding balance on a finance agreement. This ensures that the instructor can afford to replace their vehicle and get back to work without a significant financial loss.

Key Features

Specialized Coverage: It is a specialist policy that acknowledges the “hire and reward” nature of the vehicle’s use. Standard GAP insurance policies often have clauses that exclude vehicles used for commercial purposes like driving lessons.
Compatibility: It is designed to work in conjunction with a specialized driving instructor motor insurance policy, which is a legal requirement for anyone teaching driving for a fee.
Peace of Mind: For a driving instructor, this type of insurance provides crucial financial security, protecting their business and livelihood from the financial impact of a total loss

Cover lengths

GAPinsure.com offer driving instructor gap insurance provided by Hiscox for 24, 36 and 48 months. We are currently negotiating a 12 month rate.

Key Benefits for Driving Instructors

Financial Security: In the event of a total loss, you’ll receive a payout that covers the shortfall, allowing you to get back on the road with a replacement vehicle without significant financial stress.

Covers Vehicle Depreciation: Taxis depreciate quickly due to constant use and high mileage. GAP insurance protects your investment from this loss of value.

Clears Outstanding Finance:
If your taxi is financed, a GAP policy will ensure that any remaining debt is cleared, preventing you from being “upside down” on your loan.

Specialist Cover: Our policies are specifically designed for the unique risks faced by professional drivers, including public and private hire vehicles.

Peace of Mind: Knowing your business is protected gives you the freedom to focus on your passengers and your driving.

Other Benefits

Our Hire and Reward GAP Insurance is underwritten by Hiscox Insurance a A- rated UK insurer and we are one of the few providers that offer the product online.

Policy documents are available to read here https://gapinsure.com/policy-documents/ but if you prefer to speak to someone then our experts are on hand, give us a call on 0800 138 8333

Do you Cover Electric Cars?

Sadly our current hire and reward does not cover electric cars but we are working on it!

GAP Insurance Like Never Before

GAPinsure.com is proud to be the UK’s first mainstream GAP insurance distributor to offer GAP Insurance on a genuine monthly basis for the lifetime of your policy. So, you pay for your GAP insurance on a monthly basis for the lifetime of your policy rather like a subscription.

This subscription style model means you can pay via direct debit, there is no interest or hidden fees!

We include Hire & Reward vehicles in our policies
Temporary Vehicle Replacement included in Single Payment Product
Rated Excellent on Trust Pilot
Covers your Motor insurance excess up to £500
Plus, many more reasons to choose GAPinsure.com

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