Are you looking for competitive, comprehensive GAP insurance for your Volvo?
Volvos are a fantastic car, you don’t need us to tell you that, but they don’t come cheap. If you are investing in one for yourself and perhaps the family you need to ensure you are insured fully.
You may need GAP insurance to be sure.
What is GAP insurance and how does it work?
Well, GAP insurance – or Guaranteed Asset Protection insurance to give its full name – ensures that in the event of an accident, fire or theft which causes your Volvo to be written off, you receive a sum to cover what you paid for the car. Otherwise you will just receive what it is deemed the car is worth on the day.
Does it sound as if you may be caught short? Call gapinsurance.co.uk today on 01943 850999 for more information and a free quote.
Let’s give you an example.
Say you have just bought a Volvo V40 for £20,000. In five years’ time you are unfortunate enough to have a road accident and the car is deemed to be a write-off.
If you do not have GAP insurance, then your insurance company will write your Volvo off at its current market value. Depending on condition, mileage, etc that could be as little as £5 to £7,000 – around a quarter of the price you paid.
Here’s where our GAP insurance for Volvo cars steps in.
If you had taken out GAP insurance from Gapinsurance.co.uk, then after the accident you would be paid the difference between your motor insurance and the £20,000 payout (Invoice GAP insurance) or the difference between your motor insurance payout and what it would cost to buy a brand new version of the same (or nearest equivalent) vehicle (assuming you originally bought it brand new) at the time of claim - even if that vehicle costs more than you paid originally (Replacement GAP insurance).
Depending on the cover you take out, if the cost of a replacement car had risen in the five years since you purchased your Volvo V40, then you could also receive that increase. Put simply, GAP insurance means that you will be able to buy a brand new replacement vehicle in the event of an accident.
For more information on return to invoice GAP insurance, click here.
For more information on vehicle replacement GAP insurance, which allows for increase in the value of your replacement car, click here.
Volvo GAP insurance could prevent a nasty surprise, especially if you have purchased your new Volvo on finance.
For more information and a free quote call gapinsurance.co.uk on 01943 850999 today, or email us now using this simple form.
Don’t be left wondering – let GAPInsurance.co.uk put your mind at rest now