Click 4 Gap
Car insurance companies 'depreciate' the value of your car by up to 60% over three years, meaning if your car is stolen or written off during that period, you wont get back the full amount you paid.
If you've taken out a car loan to finance your car, you may even find that your insurance payout isn't large enough to clear your loan debt
If you've paid cash, would you be able to afford to buy a new one of the same quality if your insurance only pays out some of what you spent?
How to make up the depreciation gap
Click 4 Gap offer a kind of insurance called Return to Invoice or RTI which will make up the shortfall between what you paid for your card and the amount your insurance policy will pay out when you make a claim.
Summary
- Get back the full amount you paid for your car if it's written off or stolen
- Avoid losing out through depreciation costs
- Make sure your car loan is covered, and you've enough to replace like-for-like
- Low premiums from just £42 a year
Home - Insurance - Car Insurance
