What do they use then?
This GAP policy im looking at says:
Back to Invoice Plus+ GAP Insurance
Cover features:
•Available for 1 to 4 years
•Pays the first £250 of your insurance excess
•All named drives on the Fully Comprehensive insurance policy including provisional licence holders
•Maximum payout 105% of Glass’s Guide retail price at time of vehicle delivery
•Maximum level of GAP cover available is £25,000
•Pays back to your original invoice price before any deposit deduction
•Doesn’t cover arrears or negative equity shown on purchase invoice
•Available for cars and vans up to 3.5 tons (unladden)
•Vehicles owned outright
•Vehicles on finance - Hire Purchase, Personal Contract Purchase (PCP), Lease Purchase agreements or Personal Loan
•Free transfer for the remaining balance of the GAP policy if you change your vehicle before the insurance end date
•We cover under 18's with a Provisional Driving Licence
•If your primary insurer replaces your vehicle new for old in the first and or second year, we will transfer the whole policy to your replacement vehicle FREE of charge
•Any amendment you wish to make to your existing policy, for example; change of address or registration number can also be made, again FREE of charge
•If your Fully Comprehensive Insurance provider accepts your ‘Total Loss’ claim, your GAP Insurance policy will pay out
•We cover for theft of keys