Gap Insurance |
|
|||
Don’t lose out to depreciation. We all know how quickly a vehicle’s value can depreciate, and often by a substantial amount. Regardless of whether you have finance on your vehicle or not, how long you have owned the vehicle or if it was purchased new or second hand, Gap / depreciation insurance is available.
Guarantee the value of your vehicle at today’s market value for up to 3 years. Take out a Gap insurance policy today and if your vehicle is written off due to theft or accidental damage during the policy’s term, you will receive payment for your vehicle at the agreed value (when the Gap insurance policy was taken out).
Example of a 3 year policy:
August 2009 |
June 2012
|
June 2012
|
Gap Insurance
|
Total Amount
|
||||||
 |
 |
 |
|
 |
+ |
|
= |
 |
||
Bob has owned his car for 18 months and takes out gap insurance |
Bob hits tree and car is beyond economical repair |
Bob receives the car's market value of £5,000 from the insurance company |
|
Bob now has £12,000 to buy another car |
Your Excess: If you claim on your Gap insurance you will even receive up to £250 towards your excess. Acceptance Criteria:
We offer four levels of Gap insurance cover – £5,000, £10,000, £15,000 and £20,000 – over a 12, 24 or 36 month term. Gap insurance is a lot cheaper than you may think. Call 0800 977 4200 for a quote now. |