A lack of insurance is costing unwitting British motorists an average of £2.7 billion annually*. Every year in the UK, over 511,000 cars are written off, more often than not leaving the owner hundreds or even thousands of pounds out of pocket.
Almost all motorists will believe that they have adequate insurance to cover such unforeseen events such as theft or accident, not realising that should the unthinkable happen, they will have to foot the bill for their car’s depreciation - not their insurer.
For people who have car finance and suffer a loss, this can leave them paying for a debt on a lesser car or even on nothing!
As an example, if you paid £12,000 for your car which was then written off and your motor insurance paid out £8,750 (a depreciation of 27%) you would be £3,250 out of pocket – even if the car was only five months old.
The good news is that there is a way for motorists to remove this headache. Click4gap offer Return To Invoice (RTI) Gap insurance, a low cost, hassle free way for motorists to ensure that they don’t lose out if their car is stolen or written off.
RTI Gap Insurance will refund to you the difference between what you paid for the car and your insurer’s depreciated valuation up to £25,000 if your car is stolen or declared an insurance write off.
This means that you can protect your investment and will get back what you paid for your car, and it covers new and used vehicles up to 7 years old.
Kevin Johnson, Managing Director from Click4gap says: “Most of us like to think that we are careful drivers and are confident that we have adequate insurance cover to cater for any eventuality. However, this is not the case. If your vehicle is stolen or written off then you could be exposed to a huge liability.
“Our low cost policy - which is up to 75% cheaper than traditional Gap insurance provided by car dealers and lenders - can plug the hole in your existing insurance cover.”
Visit www.click4gap.co.uk or call 020 8543 6014 for more information or a no obligation quote.
Contact: Kevin Johnson, Managing Director, Click4Gap on: 020 8543 6014 or email: kevin@click4gap.co.uk
About Click4gap: Click4Gap was set up Jan Smith and Kev Johnson who have over 20 years’ experience of selling insurance products - such as GAP - to dealers, brokers and lenders. They now sell direct to the public – with savings of up to 75% - and want to share their enthusiasm to help consumers understand Gap Insurance and save money.
