Back in 2014 whn my Leon was approaching a year old I bought GAP cover form a company called Aequitas Automotive Ltd who trade online as GAP Insurance 123. Good cover and good service for about £120. They were registered with the FCA so no issues with them being dodgy.
When the wife bought her Note in 2015 we repeated the excercise, same company, good price, about £130.
Both were way less than the dealers were asking.
Early November both myself and the wife got letters from a liquidator in Gibraltor telling us the insurance company had failed with large debts and cover had ceased in October. Did some checking and it appeared that it was correct but it also came to light that Aequitas were sorting a deal out to provide cover with another insurer.
Over the weekend letters came for Aequitas informing us that a claim had been submitted to the FCA and as a result alternative and identical cover had been arranged on our behalf. They gave us the option of cancelling the policies and claiming from the FCA ourselves but what would be the point.
Top marks to all concerned for providing continuing cover with no costs or hassle.
And to confirm I have no connection with Aequitas except as a very happy customer.
Come March I will be transferring the remainder of the Leons policy onto the Superb, bet you cannot do that with dealer arranged GAP.
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