Insurance

Gap Insurance

Finance Gap is designed for vehicles purchased through finance deals; to help lessen the impact of the vehicle being written off should you be involved in an accident.

Why do I need Gap Insurance?

If your car is involved in an accident and is written off by the insurer, the payout you receive from them may not be enough to cover the outstanding finance on the car. In this case you are still liable for the remaining payments even though you don’t have the car.

This shortfall could be a significant sum depending on the rate of depreciation of your vehicle and the remaining period of the finance agreement. GAP insurance will pay the difference between your insurance payout and the amount required to settle your finance agreement, up to a maximum of £5,000.

This means you will not have to make anymore payments in relation to the written off car and can concentrate on finding a new car.

How much does GAP insurance cost?

Newcar4me offer finance gap insurance at £199.99 for 5 years cover. This can be added to your finance arrangement and costs just £3.31 per month. Our Gap insurance is available on all finance agreements.

Am I eligible?

• Your vehicle must be less than 6 years old at the end of the finance contract.
• Your vehicle should cost less than £50,000 from new
• If you have a commercial vehicle, the gross vehicle weight must not exceed 3.5 cwt.

Return To Invoice Insurance (RTI)

Return To Invoice insurance is designed to help you supplement your comprehensive motor insurance, so you can afford to replace your car with a similar model.

If your car is written off as a total loss by your insurance company, you will only be paid the current market value of the vehicle at the time of the loss NOT WHAT YOU ORIGINALLY PAID and therefore not enough to buy the same car again. This product will simply allow you to go out and get a brand new car because the RTI pays the difference, up to a maximum of £10,000, between your motor insurance company pay-out and the original price you paid for the car.

Did You know?*

• On Average 2.2 accidents are reported every single minute.
• Approximately 1,400 vehicles are written off every day due to accident or theft.
• The Home Office Car Theft Index 2003 show that one car is stolen every 90 seconds in England and Wales, 31% are NEVER recovered.
• When questioned most people consider themselves to be safe drivers.

For vehicles with an invoice value of less than £28,000 our policy only costs £299.99 for the three years cover, that is the equivelant to £8.33 per month, not bad considering the benefits if your car is written off. For vehicles costing over £28,000 the policy is £399.99.

Am I Eligible?

• Your vehicle must be less than six years old
• Your vehicle is invoiced at less than £50,000
• If you have a commercial vehicle maxiumum gross vehicle weight of 3.5 cwt.
• Only purchase agreements can be covered, e.g. Cash Sale, HP, Lease Purchase or Personal Contract Purchase (PCP).

For more details or a written quotation please contact us on 0844 880 9271 or Contact Us

Important information:DSG Auto Contracts Limited t/a Newcar4me.com is an Appointed Representative of Premia Solutions Limited who is authorised and regulated by the Financial Services Authority. Our FSA Register number is 404277 - this means that we are qualified to supply you with these products and ensure you get the correct cover you need.

The Financial Servcies Authority official website