This type of Gap insurance pays the difference between your bike insurers total loss settlement and the purchase price you paid for your bike (up to your chosen policy limit).
Bike cost is £20,000 and your insurer pays out £12,000 then the GAP pays £8,000 so you get the full £20,000 back, subject to the cover selected.
Established since 2007, Nice1 Limited originally made its name with the development of innovative insurance solutions for the specialist insurance products marketplace through insurance intermediaries. We pride ourselves on providing up to date solutions tailored to customer needs. Our online offerings provide complete information in non-technical jargon, which should enable you to make informed decisions about product suitability.
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In association with BeMoto
Nice 1 Limited is registered in England under company No 6082902. Registered Office: Nice 1 House,
Broad Lanes, Bilston, West Midlands WV14 0RQ. Nice 1 Limited is authorised and regulated by the
Financial Conduct Authority. FCA Reference Number (FRN) is 650309. Regulatory
status can be checked by visiting the FCA website at http://www.fca.org.uk
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