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Taxi GAP Insurance
Driving a UK Taxi, be it a licensed London Taxi or a countrywide minicab, you will still need a recently new car. Every cab driver must adhere to the Carriage Office rules and cars cannot be older than a certain amount of years. With this comes the responsibility of buying a new car every so often. You may need to buy a vehicle on finance, take out a loan or lease a vehicle. To find the best and cheapest quotes for taxi GAP insurance it is important to compare policy prices via online brokers or insurance providers.
Why do I need taxi GAP insurance?
When you buy your vehicle, whether it is a London Taxi or a general car, you will have enough expense in getting it on the road. Your hire and reward insurance may be fully comprehensive but it will not cover any losses if your taxi is written off. What you will have protection for is a vehicle to the same value as the book value of your written off taxi. That may not be the same value as the amount you initially paid for it. That amount is known as the invoice amount. GAP insurance on your taxi will guarantee that no matter what you paid for your initial purchase, you will receive the full invoice value back if it is written off.
Where can I buy taxi GAP insurance?
Quotezone can personally tailor a policy to best suit your needs and vehicle. We are regulated by the FCA, as are all the providers we work with.