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1. www.grantthornton.co.uk › insights › what-do-gap-insurance-suspensions-mean-forWhat do GAP insurance suspensions mean for the industry?

   www.grantthornton.co.uk › insights › what-do-gap-insurance-suspensions-mean-for

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   20 lut 2024 · Following the FCA’s announcement that several firms have agreed to suspend sales of GAP insurance, Blandine Arzur-Kean considers what this means for the industry, including other insurance products, and what firms need to do next.

2. www.thetimes.com › money-mentor › gap-insuranceIs GAP insurance the next big mis-selling scandal ... - Times...

   www.thetimes.com › money-mentor › gap-insurance

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   28 lut 2024 · The sale of GAP insurance is currently suspended through 80% of the businesses that operate within this sector while the FCA investigates. But you are still able to complain if you think you were mis-sold a policy.

3. www.fca.org.uk › news › press-releasesGAP insurers agree to suspend sales following FCA concerns over...

   www.fca.org.uk › news › press-releases

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   9 lut 2024 · The Financial Conduct Authority (FCA) has today announced that multiple insurance firms have agreed to pause sales of Guaranteed Asset Protection (GAP) insurance, following a request from the FCA. The firms which have agreed to this action account for 80% of the GAP market.

4. www.insurancetimes.co.uk › analysis › whats-going-on-with-gap-insurance-after-fcasWhat’s going on with Gap insurance after FCA’s bombshell...

   www.insurancetimes.co.uk › analysis › whats-going-on-with-gap-insurance-after-fcas

   21 lut 2024 · According to Insurance DataLab’s analysis of FCA value measures in February 2024, Gap insurance paid out just 7% of premiums in claims in 2022 when sold as a standalone product – for add-on policies, this figure was as low as 4%.

5. www.forbes.com › advisor › car-insuranceGap Insurance: What It Is And How It Works – Forbes Advisor

   www.forbes.com › advisor › car-insurance

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   5 sty 2024 · Gap insurance pays the difference between the value of a totaled vehicle and what you owe on a loan/lease. Find out if it's worth it and where to buy it.

6. www.motorfinanceonline.com › news › fca-directs-top-insurers-to-halt-gap-insuranceFCA directs top insurers to halt GAP insurance sales for thorough...

   www.motorfinanceonline.com › news › fca-directs-top-insurers-to-halt-gap-insurance

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   9 lut 2024 · The Financial Conduct Authority has issued a directive compelling several key insurance firms, constituting 80% of the Guaranteed Asset Protection (GAP) insurance market, to suspend the sale of GAP insurance voluntarily, the City regulator said in a press release.

7. www.moneysavingexpert.com › insurance › car-insuranceGap insurance: do you need it? - Money Saving Expert

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   However, gap insurance isn't essential as your car insurer should ALREADY pay out its value for a replacement car of a similar age and condition. Gap insurance is essentially there if you've a finance deal and would owe more to the finance company than you'd get from the insurer.