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GAP
Gap Insurance
How valueguard works

You may not realise it, but should your vehicle be stolen or written off following an accident, your insurance company will generally offer you a payment based on the market value of your vehicle at that time. This is often significantly less than the outstanding balance of any finance settlement and nowhere near enough to replace it with another vehicle like the one you've lost. This leaves you to find the money - often thousands of pounds - to make up the difference.

Valueguard Purchase Price Refund Insurance - sometimes referred to as GAP insurance - will pay you the difference between your insurance settlement and the amount you originally paid for your vehicle - providing ample funds for a deposit on your next vehicle.**

 

Gap Insurance diagram
  • A vehicle is stolen every minute in the UK
  • Cars depreciate every month and with every mile driven
  • Insurance settlements can be below what you paid for the car
  • When write off occurs you could lose out because of the shortfall
Valueguard Insurance gives you the safety net you need should your vehicle be stolen or written off. Most of us think our Comprehensive Motor Insurance covers us sufficiently if our vehicle is written off... THINK AGAIN - you do need Valueguard Insurance.

Features of our Valueguard Purchase Price Refund Insurance**

Available for new or used cars and vans?.............................................................................YES
Covers theft where vehicle is stolen with use of its key? ........................................................YES
Available if the vehicle has been bought using cash or finance? .............................................YES
Pays the difference between your motor insurers payout and what you paid for your vehicle ......YES
Pays out enough to allow you to choose another vehicle similar to the one 'written' off?.............YES
Valid for business use? ....................................................................................................YES
Cancellation period if not completely satisfied? ...................................................................YES

Please ask your sales advisor for more information.

** Terms and conditions apply, please refer to the Valueguard policy summary document. Pentagon are an appointed representative of ITC Compliance Limited who are Authorised and Regulated by the Financial Services Authority (313486) Policy Summary.

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