Car Gap Insurance info.

THE AVERAGE CAR CAN DEPRECIATE BY AS MUCH AS £200 EVERY MONTH.

NOW ARE YOU CONCERNED ABOUT YOUR CARS DEPRECIATION?

GAP INSURANCE PROTECTS YOU AGAINST THIS!

If your unlucky enough to have your car stolen or written-off, your Motor Insurance will usually only pay you the depreciated market value on the date of loss  NOT what you paid for your car. According to a report by Whichcar? Depreciation can be up to 77% of the cars original value. In short, Motor Insurance will not always cover the cost of a replacement car. The good news is that car GAP (Guaranteed Asset Protection) insurance is available to cover the shortfall between the amount you paid for the vehicle and the insurer's valuation, should the worst happen.

Click4Gap is the market leader in Car Gap Insurance, their policies are available on New Cars And on Used Cars up to 7 years Old.

RETURN TO INVOICE GAP (RTI)

· Premiums start at just £73
· For cars owned under 3 Months.
· Available for cars purchased privately or from a dealer
· Click4Gap RTI Car Gap Insurance is available to you whether you paid cash, borrowed the money from a Bank or Motor Loan or even have a contract hire (PCP) agreement.
· Cars can be up to 7 years old when the policy is purchased.

If your car is a Total Loss (stolen or written-off), RTI Gap Insurance refunds the difference between what you paid for it (the “Invoice Price”) and the Motor Insurers depreciated value.

EXAMPLE BELOW.
This means that if you paid £16,000 for your vehicle and the Motor Insurers settlement if the car is a Total Loss is £10,000, RTI Gap will refund the difference of £6,000 to you directly.

Price paid: £16,000
Motor Insurers settlement £10,000
Shortfall paid to you by GAP: £6,000                                                    

RETURN TO VALUE CAR GAP INSURANCE (RTV)

· Premiums start at just £55
· For cars owned over 3 months
· Available for cars purchased privately or from a dealer
· Click4Gap RTV is available to you whether you paid cash, borrowed the money from a Bank or Motor Loan or even have a contract hire (PCP) agreement.
· Cars can be up to 7 years old when the policy is purchased

If your car is a Total Loss (stolen or written-off), RTV Gap Insurance refunds the difference between the value of your car when you buy the policy and the Motor Insurers depreciated value.

EXAMPLE BELOW
This means if your cars value when you buy an RTV Gap policy is £15,000 and your Motor Insurers settlement if the car is a Total Loss is £11,200 RTV Gap will refund the difference of £3,800 to you directly.

Price paid: £15,000
Motor Insurers settlement £11,200
Shortfall paid to you by GAP: £3,800

A RTV policy can be taken out up to seven years after you bought your car!