Uber GAP Insurance

Q: Key Benefits for Uber Drivers

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.

As a professional uber taxi driver, your vehicle is the engine of your business. It’s an essential, hard-working asset that generates your income. While a standard taxi insurance policy is a legal requirement, it may not offer the complete financial protection you need in the event of a total loss.

This is where uber taxi 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.

Quote

Call Now

Hire & Reward

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

Learn More

GAP for Taxis

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

Learn More

GAP for Driving Schools

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

Learn More

Contract Hire GAP

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

Learn More

How Does Uber GAP Insurance Work?

GAP Insurance provides cover for the financial shortfall between the amount you receive from your motor insurance policy in the event of your vehicle being a total loss, as defined in the policy wording, following damage, fire or theft in the UK and the amount you require to settle your contract hire agreement before any claim occurred up to a maximum as shown on your policy schedule.

Here’s the problem:
You’ve lost money: You could be left with a substantial shortfall between the insurance payout and the vehicle’s original purchase price.
You’re in debt: If you have outstanding finance, the insurance payout may not be enough to clear your loan, leaving you to pay for a taxi you no longer own.

Uber GAP Insurance solves this problem by paying out the difference, ensuring you are not left with a financial burden.

Cover lengths

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

Key Benefits for Uber Drivers

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 Taxi GAP Insurance is underwritten by Hiscox Insurane 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 Taxis?

Sadly our current hire & Reward GAP insurance doesn’t cover electric vehicles of any kind but we’re working on it!