Why do I need Vehicle Replacement GAP insurance

It is a sad fact that vehicle related crime represents a significant percentage of all reported crime in the UK. How often have You heard of people who have had their vehicle stolen or written off and have not been able to replace their vehicle with another of a similar value?
This is because at the time of loss You will only be entitled to receive the current market value of Your Vehicle from Your insurance company, not what You paid for it.

How Vehicle Replacement GAP Insurance cover helps You?

In the event of Your Vehicle being written off through accidental damage, fire or theft, Vehicle Replacement GAP Insurance will cover the difference between Your car insurance settlement and the current value of an equivalent new vehicle or used (if applicable)

"We pay for what Your insurance company does not"

Vehicle Replacement GAP Insurance is Our commitment to helping You retain financial security and peace of mind when You need it most. You could receive a credit towards Your replacement vehicle of up to a maximum on £15.000!

The Cover

To take advantage of the benefits of Vehicle Replacement GAP Insurance Your Vehicle must be less than 7 years old at inception.
Your Vehicle must be insured by a Motor Insurance Policy issued by an authorised UK motor insurer, which insures against accidental damage, fire and theft.
Please refer to Your Insurance document for full Terms and Conditions.

Your insurance company may only pay You a percentage of Your Vehicle's original Purchase Price* in the event of Total Loss, accident of theft!
(Remember You will only be entitled to the current market value at the time of Your loss. Vehicle Replacement GAP Insurance can last up to 36 months, how much will Your Vehicle's value will decrease in three years?).
Vehicle Replacement GAP Insurance can cover the balance back to Your original Purchase Price*, crediting You with up to £15.000! (at a fraction of Your Vehicle cost).

*Purchase Price means the invoice price of Your Vehicle, including factory fitted accessories and including any discount given but excluding warranty charges, road fund licence and insurance premiums, or 105% of Glass's Guide Retail Value taking into account mileage and condition adjustment at the time of purchase.
Important notice:
Please note that an Insurance Summary does not contains the full terms and conditions of the Insurance Product. Full terms and conditions can be found in the Insurance document.