Click4Gap Vehicle Replacement Insurance Review
Vehicle replacement insurance from Click4Gap pays the difference between the Motor Insurers settlement and the cost of a replacement new vehicle, even if the price has increased. The policy is tailored for new cars, ex-demonstrator and pre-registered vehicles up to three months old.
Car crime is on the increase in the UK and now contributes to a third of all crime. A vehicle is stolen every minute in the UK and a third are never recovered back to their owners. Another factor to take into account when deciding whether you would benefit from Vehicle Replacement Insurance is the odds of becoming involved in an accident. Currently there are over 500,000 vehicles that are subject to total loss insurance claims each year and the value of all the depreciation that owners of these vehicles lose runs into tens of millions of pounds!
Here are a few reasons why you should consider Vehicle Replacement Insurance.
- Motor Insurance settles the depreciated value, not the amount you originally paid.
- From the second you start driving your car it’s depreciating.
- The price of a brand new replacement car will be increasing.
- Insurance Companies depreciate cars by up to 60% over a three year period.
- A car is stolen every minute of the day in the UK
- Over 500,000 vehicles become a total loss each year
Standard Features
- Refunds depreciation and inflation
- Protects your investment
- Replace Your Vehicle with a brand new one
- Refunds up to £25,000
Covers cars up to…
- £50,000
- 500 miles at start of policy
- New, ex-demonstrator and pre-registered vehicles up to three months old
Available whether you paid by…
- Cash
- Motor Loan
- Personal Loan
- PCP
Other Information
Company Owner: Future45 Limited
Member of Regulated Body: FSA (Financial Services Authority
Insurance Underwriter: Red Sands Insurance Company (Europe) Limited
| Example 1 | |
| Vehicle cost | £14,500 |
| Motor insurance settlement | £9,400 |
| Cost of replacement new car | £16,200 |
| VRI Gap benefit | £6,800 |
| Example 2 | |
| Vehicle cost | £17,900 |
| Motor insurance settlement | £10,700 |
| Cost of replacement new car | £19,400 |
| VRI Gap benefit | £8,700 |
| Example 3 | |
| Vehicle cost | £21,400 |
| Motor insurance settlement | £11,900 |
| Cost of replacement new car | £23,800 |
| VRI Gap benefit | £11,900 |