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Taxi Gap Insurance - Total Loss Gap

Recently purchased a vehicle and plan on using it as a Taxi?

Unfortunately, at Total Loss Gap we don't offer Gap Insurance for Taxi Use. However, being part of Aequitas Automotive Ltd we will have a solution for you. One of our sister brands, Easy GAP, provides Gap Insurance for Private Hire Taxi use.

Therefore, if you are looking for Taxi Gap Insurance, why not contact our award-winning customer service team on 0800 195 4926/0151 647 7556 for a tailored quotation. 

How can Taxi Gap Insurance work for you?

Due to the useage of your vehicle, your mileage will be a considerable amount more than the average vehicle. Therefore, you are more suceptible to depreciation i.e you car will be losing more than the average vehicle due to the level of mileage. For Example, if you have purchased a car for £20,000, due to depreciation, we expect the average vehicle with average useage to lose as much as 50% over a three year term. When using the vehicle as a Taxi, this may be accelerated, resulting in your vehicle being worth less than 50% in just three years time. 

In the event of a total loss, (i.e stolen, fire, flood and accidental damage etc.) your own motor insurance company would only ever give you the value of your vehicle at the point of loss. Therefore, if your vehicle was declared a total loss in just three years time, your own motor insurance company may only give you half the value you may have paid for the vehicle. Even worse, if the vehicle is on a form of finance and you owe more than your settlement from your own motor insurer, you are left having to clear the finance without any vehicle.