When buying a new car privately or on behalf of a company, it would be wise to treat it as an investment. As almost every investment needs protection, a vehicle is no different. In most cases, motor and other common insurance will cover most things. But there are occasions when some special measures need to be applied. Presuming your brand or nearly new car has been stolen, you will find yourself at a big loss. And the car crime in the UK is a third of all crime. Statistically, every minute a car or van is stolen and one third of them are never recovered. It is at this point where gap insurance offers a helping hand.

Follow up:

Return to Value GAP is designed to pay the insured driver any outstanding payments and financial shortfall which generate the difference between the motor insurer’s settlement and the value of the car (as of the current value). As a result, the insured party is able to get back the value of the insured vehicle. Also, return to invoice gap insurance will pay the car owner the depreciation if the insured car becomes a total write off. Another good thing regarding return to invoice gap is the fact that your investment does not have to be totally new. This kind of gap can be taken out up to five or seven years after taking the ownership of your car.