If your vehicle has been written off or stolen, even if you have Fully Comprehensive Insurance your Motor Insurer will hopefully pay the current market value – which is very likely to be less than you originally paid for your vehicle. So you may have a problem - the difference between the Motor Insurer’s pay out and the cost of funding a replacement vehicle. A gap that could leave you seriously out of pocket!
You might hope or think that it will never happen to you. But with a car stolen in the UK every two minutes and nearly half a million vehicles written-off annually, can you afford to take that risk?
Total Loss GAP protection insurance covers you for the difference between your Motor Insurer’s pay out (or Glass’s Guide value – whichever is the greater) and the Net Invoice Price you paid for your vehicle, up to a limit specified in your policy document.
For example, if your vehicle costing £17000 is written off after 12 months, the Motor Insurer may only pay out the current market value, which might only be £12000. This will leave a gap of £5000 – making it difficult for you to replace your vehicle with an equivalent model.
At the time when you already have all the problems of having no car,
Total Loss GAP Protection takes away the worry about how you’re going to
find the extra money needed to buy your next vehicle.
Terms and Conditions:
Although every effort has been made to ensure that the information contained on this page is as accurate and up to date as possible, Dacia U.K. and SMC Motor Group reserves the right to modify its models without notice, including their characteristics, specifications,equipment and accessories. Brochures inevitably become out of date or inaccurate in some respects, in that such characteristics,specifications equipment, or accessories may be changed after the publication date given below and can differ from the descriptions given or the photos displayed. It is therefore necessary to check with your Renault Dealer before purchasing any product that the characteristics, specifications, equipment or accessories of the vehicle on order are as advertised.