Information on 'Gap' Insurance
Protecting the Value of Your Vehicle
Have you considered what would happen to your finance arrangements if your new vehicle was stolen or written off in an accident? How much would you lose?
Did you know that:
- Nearly 500 vehicles are stolen every day in the UK, and nearly half are never recovered?
- According to many insurance companies, a vehicle will lose more than half its value in less than 3 years?
- More than half a million vehicles are written off as a result of accident, fire or theft every year?
Even a fully comprehensive vehicle insurance policy is unlikely to pay out the full value of your vehicle. It won't provide enough to replace your vehicle with a new one; and it may not even be enough to pay off any outstanding finance. You could end up with NO vehicle and a MAJOR financial loss.
GMAC ValueGuard fills the gap between your vehicle insurance pay out and the cost of vehicle replacement, so called 'GAP Insurance'.
ValueGuard offers 3 different levels of cover, so that you can make sure you have the protection you need and complete financial peace of mind.
To choose the protection that's right for you, consider what you would need if your vehicle was stolen or written off, and if your vehicle insurance settlement were to fall well short of your expectations....
There are 3 levels of cover:
Level One - covers the difference between the amount of your insurance settlement and the amount required to settle your finance agreement.
Level Two - covers the difference between the amount of your insurance settlement and the original invoice value of your vehicle at the start of the agreement
Level Three - covers the difference between the amount of your insurance settlement and the value of an equivalent vehicle when the policy was taken out
Terms and conditions apply, but all our Sales Consultants are well versed in this insurance package and would be happy to discuss the best option for you. Please call and speak to a Sales Consultant on 08442 475186 or fill in the contact form below. We will be most happy to help you.
