Our Premium Return To Invoice Gap Insurance policies are different.
Our 'Premium' Return To Invoice Gap insurance policies include extra features as standard which may be extra cost or not available at all elsewhere. Our policies are 'Premium' because;
- Will cover theft of vehicle with use of keys, a common form of theft today,
- Our policies pay out up to 110% of Glasses Guide value at time of purchase, see terms and conditions,
- Our policies will also clear a finance settlement figure even if it exceeds the vehicle purchase price !,
- We cover all factory fitted options and up to £1500 of dealer fitted accessories,
- We offer a 30 day no quibble money back cancellation period - the longest in the industry,
- Will transfer your policy FREE within 90 days of vehicle purchase if you need to exchange your vehicle
- You are not required to 'register your personal details' to obtain a quotation,
- Our 'Premium' Return To Invoice Gap insurance includes Finance Gap as a combined policy,
- You may choose to protect your vehicle for up to 4 years where depreciation is greater,
- We cover vehicles with a purchase price up to £240,000.00,
- Our policies are available for new or used vehicles purchased via a dealer or privately,
- Our 'Premium' Return To Invoice Gap is priced similar to very basic RTI policies available elsewhere,
These are just a few of the differences we have found whilst browsing, you may find more.
Do please read the policy terms and conditions carefully before buying anywhere.
" Our Premium Gap Insurance products are of such high quality and are so comprehensive, prestige franchises such as BMW, Mercedes and Audi choose to sell them - albeit at substantially higher prices!. As you would expect those dealerships and their customers insist on the best. "
Now you know what to look for - how does the policy work?
In the event of an insurance write off as a result of an accident, fire or most commonly theft, our 'Premium' Return to Invoice Gap Insurance will pay the difference between what your Insurer agrees to pay and the value of your original purchase invoice price - or the outstanding settlement figure owed to your finance company – whichever is the greater up to the claim limit you have chosen.
It could be important to you. It's not just our view, check this article written by a web site owned by The Daily Mail. This Is Money Article. Also read the comments posted at the foot of the article for real world examples.
'Premium' Return To Invoice Gap Insurance is available for 1 to 4 year periods and a choice of claim limits to suit your requirements;
- £5,000.00
- £10,000.00
- £15,000.00
- £25,000.00
- plus a unique £50,000.00,
'Premium' Return To Invoice Gap Insurance can provide valuable cover for new or used car owners. Cover must be purchased within 180 days from date of vehicle purchase invoice.
Some circumstances make 'Premium' Return To Invoice Gap Insurance an even more appealing product and these include;
- High mileage motoring,
- High performance or prestige cars,
- Car buyers who paid a substantial deposit and financed the balance,
- Higher than average depreciation vehicle
Why Is It So Popular ?
When we buy a car we expect it to depreciate in line with age and mileage. When we decide to renew it, we have usually planned financially for that expense. When a car is written off after the first year of ownership, that expense is forced upon us unexpectedly. Unlike any other insurance we buy, motor insurers reduce their risk by only paying part of the replacement value, and that can be as little as 30% in the third year. 'Premium' Return to Invoice cover will step in to ensure your original cash investment is returned to enable you to buy a like for like replacement.
High Mileage Drivers
It will come as no surprise to hear that high mileage cars depreciate much faster and to a greater extent than low or average mileage cars. What may come as a surprise is just how low an insurance assessor might value your high mileage car, if you are unfortunate enough to have it stolen or written off in an accident or theft. The irony is, high mileage drivers are by nature more dependent upon their car than the average mileage motorist, and their financial shortfall will be substantially higher too.
High Performance & Prestige Cars
You probably don’t need us to tell you - high performance and prestige cars are often the target of professional thieves. Our experience tells us even today’s expensive tracking systems are not enough to deter or thwart the determined thief. Cars in this category are usually premium priced cars where write off losses can be substantial.
Higher Than Average Depreciation Vehicles
High depreciation does not necessarily mean bad or undesirable car. Higher than average depreciation can simply be the result of higher than average production / higher sales volume. Prestige cars are no longer immune from the effects of depreciation. Almost all brands, including German prestige car manufacturers now heavily discount their cars to help them hit their increasing sales targets. This creates high levels of depreciation which is reflected, if not inflated, when a vehicle is unexpectedly written off by an insurer.
*providing that is an indemnity covered under your motor insurance policy.