Aequitas introduces tyre gap insurance

Gap insurance provider Aequitas Automotive has announced the addition of tyre insurance to its product portfolio. Its new tyre insurance brand, TyreInsurance 123, will be rolled out this year and a retail website launched in the coming weeks.

“Our new tyre insurance brand, TyreInsurance123, is a natural progression for Aequitas Automotive,” stated company director Mark Griffiths. “Our core business of Gap Insurance is complemented by this product, because it is often sought by new car buyers to protect against the cost of replacement or repair of expensive tyres.”

Griffiths says the new insurance product will be available as a ‘stand alone’ product that will offer a higher claims limit than other, currently available products. He adds that TyreInsurance123 will also offer lower premiums than its rivals.